Flipkart — Aditya Birla Fashion Partners, Former Invests Rs 1,500 Crore in ABFR

Flipkart has invested a whooping ₹1,500 crore for a minority stake of 7.8 percent in Aditya Birla Fashion and Retail Ltd (ABFRL) at Rs 205 per share. The investment comes at a time when the online fashion retail market in India has big players like Amazon, Mukesh Ambani-led Reliance Industries competing for market position.

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