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Flipkart to buy 7.8% stake in ABFRL for Rs 1,500cr

Story by Rahul More 7 months ago

Aditya Birla Fashion and Retail (ABFRL) is raising Rs 1,500 crore from Flipkart, through preferential allotment of shares to Flipkart. The issue price of the preferential allotment is set at Rs 205, which is 33.63% higher than Thursday's closing price of Rs 153.40. The money would be raised through preferential allotment of shares to Flipkart.

Read more at Hindustan Times

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