MoneyWorks4Me

Arvind Fashions’ arm receives Rs 260 crore from Flipkart for minority stake in group firm

21 Jul 2020 Evaluate
Arvind Fashions’ (AFL) subsidiary -- Arvind Lifestyle Brands has received Rs 260 crore from Flipkart India to pick a minority stake in another group firm Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand.

Arvind Fashions is India's leading casual and denim player, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across sub-categories and price points.

Peers
Company Name CMP
Avenue Supermarts 3820.25
Trent 2755.05
Vishal Mega Mart 106.40
PN Gadgil Jewellers 597.95
Aditya Birla Life 78.90
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