Walmart-owned Flipkart is set to offload its entire 6% stake in Aditya Birla Fashion & Retail Ltd (ABFRL) through a block deal worth ₹600 crore. The transaction is expected to be executed today, with Goldman Sachs acting as the broker.
🔴 Key Details of the Deal:
- Floor price set at ₹80 per share, reflecting a 7% discount to ABFRL’s last traded price.
- ABFRL shares fell 8.9% intraday, nearing their 52-week low of ₹77.25.
- Flipkart’s exit comes amid ABFRL’s financial turnaround efforts, following a net loss reduction to ₹23.55 crore in Q4FY25.
📢 Market Reaction & Strategic Impact:
- Investors are closely watching how the market absorbs this large stake sale.
- ABFRL aims for a 20% revenue CAGR between FY25 and FY30, targeting a positive EBITDA margin of 7% by FY30.
- The company recently demerged its Madura Fashion & Lifestyle business, impacting financial comparisons.
👉 What do you think of Flipkart’s exit from ABFRL? Let us know in the comments!
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