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Aditya Birla Fashion shares nosedive 10% on Flipkart's exit
short by Pragya Swastik / on Wednesday, 4 June, 2025
Aditya Birla Fashion and Retail (ABFRL) shares declined 10% to ₹77 per share on Wednesday. The stock fell after reports claimed Flipkart is offloading its entire 6% stake in ABFRL through a block deal estimated at nearly ₹600 crore. Flipkart reportedly offered to sell its stake at ₹79.50 per share, a discount of 7.6% to the last closing price.
read more at Moneycontrol