Flipkart to offload 6% stake in Aditya Birla fashion via block deal worth $112 million

Flipkart Investments Private Limited is set to divest up to 6% of its stake in Aditya Birla Fashion and Retail Ltd through a block deal, sources told CNBC-TV8. The transaction is expected to raise approximately $112 million (₹935 crore) and is being termed as a "clean-up trade".

The offer price range for the sale has been set between ₹130.00 and ₹136.45 per share, a discount of up to 4.7% from the stock's last closing price. The deal is likely to be executed on the stock exchanges on Monday (October 6), subject to market conditions.

The move is part of Flipkart's portfolio rationalisation strategy, as the Walmart-owned e-commerce giant re-aligns its investments in the Indian retail space. Flipkart had invested in Aditya Birla Fashion in 2020 as part of a partnership aimed at improving omni-channel capabilities for fashion and lifestyle brands.

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Block deal valued at approx $112 m, with an offer price in the range of Rs. 130-136.45/sh pic.twitter.com/mDsIFCGgUf

— CNBC-TV18 (@CNBCTV18Live) October 5, 2025

Aditya Birla Fashion and Retail is one of India’s leading branded apparel players with a portfolio that includes Pantaloons, Van Heusen, Allen Solly, and Louis Philippe. The company has expanded into the ethnic clothing segment and partnerships in luxury fashion over the past few years.

Also read | CNBC-TV18 Newsbreak Confirmed: Flipkart shifts domicile to India ahead of IPO

Following the completion of the deal, Flipkart's holding in the company will fall to below 3%, marking an exit from a significant shareholding position.

Further details, including the identity of buyers or institutional participants, are yet to be disclosed.