Flipkart Investments has exited Aditya Birla Fashion and Retail (ABFRL) by selling its entire 6% stake in the company through block deals worth Rs 583 crore. As per the block deal, up to 7.31 crore equity shares of ABFRL were sold at a floor price of Rs 79.50 per share.
Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores.