Flipkart-Aditya Birla Retail Deal Gets CCI Nod

The Competition Commission of India (CCI) approved the ?1,500-crore Flipkart Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the

BY Realty Plus
Published - Friday, 22 Jan, 2021

Flipkart-Aditya Birla Retail Deal Gets CCI Nod

The Competition Commission of India (CCI) approved the ?1,500-crore Flipkart Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the Walmart Inc.-owned e-tailer consolidate its position in the apparel business. Commission approved acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd. Offline retailers were in a bind as the Covid-led lockdown crushed business at retail stores for months last year. Flipkart will work towards making available a wide range of products for fashion-conscious consumers across different retail formats,.