Walmart-owned Flipkart is looking to offload its entire 6% stake in Aditya Birla Fashion & Retail (ABFRL) via a block deal worth around ₹600 crore, marking a clean break from the fashion major.
A block deal is a high-value transaction where large chunks of shares are bought or sold between two parties through a separate trading window on the stock exchange.
Backstory: Flipkart first invested ₹1,500 crore in ABFRL back in 2020 to take a 7.8% stake, later trimmed to 6%. The idea was to deepen its fashion play by expanding premium brand offerings on Flipkart and Myntra while boosting ABFRL’s omni-channel muscle.
Why it matters: the deal signals the end of a B2B-era tie-up. Flipkart says the exit is a “natural evolution,” as it now doubles down on internal fashion labels and platform-led growth. For ABFRL, the decoupling may lead to more strategic realignment as competition intensifies across e-commerce and branded retail.
Zoom out: with Reliance and Tata pumping billions into fashion and Flipkart shifting focus, the landscape is getting reshaped fast—and capital is moving accordingly.
