Flipkart Investments is reportedly to divest its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB)

Flipkart Investments plans to sell its 6% stake in Aditya Birla Lifestyle Brands for ₹950 Cr ($114M) via a block deal at ₹130/share. The move follows Flipkart’s ₹1,500 Cr investment in ABFRL (2020). With brands like Louis Philippe and Van Heusen, ABFRL is raising ₹437 Cr for its TMRW digital arm. The sale supports Flipkart’s IPO readiness and India HQ shift.