Flipkart exits ABFRL; pares 6% stake for ₹588 crore

Flipkart on Wednesday exited Aditya Birla Fashion and Retail by selling its entire 6 per cent stake in the fashion retailer for ₹588 crore through an open market transaction.

Bengaluru-based Flipkart through its arm Flipkart Investments Pvt Ltd sold 7,31,70,731 shares, amounting to a 6% stake in Aditya Birla Fashion and Retail (ABFRL), as per the bulk deal data available on the NSE.

The shares were disposed of at an average price of ₹80.32 apiece, taking the transaction value to ₹587.71 crore.

Details of the buyers of Aditya Birla Fashion and Retail's shares could not be identified on the National Stock Exchange (NSE).

US-based retail giant Walmart is the parent entity of Flipkart.

Shares of Aditya Birla Fashion and Retail slumped 10.37% to close at ₹77.08 apiece on the NSE.

In October 2020, ABFRL announced a fundraising of ₹1,500 crore from the Flipkart Group.

Last month, ABFRL said its consolidated net loss narrowed to ₹23.55 crore in the fourth quarter ended March 2025, from a net loss of ₹266.36 crore a year ago.

Revenue from operations rose to ₹1,719.48 crore during the quarter under review from ₹1,575.12 crore in the year-ago period.

Flipkart's exit marks a complete divestment of its holdings in ABFRL, which houses brands such as Pantaloons, Van Heusen, and Louis Philippe.