Arvind Fashions has entered into a Share Purchase Agreement (SPA) with Flipkart India (Seller) to acquire the Seller’s entire shareholding i.e. 31.25% on a fully diluted basis in Arvind Youth Brands (Subsidiary of the Company/AYBPL). Upon completion of the formalities comprised under the SPA, Arvind Youth Brands shall become a wholly owned subsidiary of the Company. Cost of acquisition is Rs 135 crore.
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.
