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CCI approves Aditya Birla Fashion & Flipkart deal

Krishna Mali
By: Krishna Mali

Date:

UPDATED ON:

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The Competition Commission of India (CCI) has approved the Flipkart and Aditya Birla Fashion and Retail Ltd’s (ABFRL) Rs 1500 crore deal.

CCI in its tweet said, “The commission approves the acquisition of 7.8% minority stake in Aditya Birla Fashion And Retail Ltd by Flipkart Investments Private Ltd.”

The deal was announced in October 2020.

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

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