HomeBusinessCCI approves Aditya Birla Fashion & Flipkart deal

CCI approves Aditya Birla Fashion & Flipkart deal

By: Krishna Mali

Date:

January 21, 2021

UPDATED ON: January 21, 2021

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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.”

Commission approves acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd pic.twitter.com/Jjxi9rwXEM
— CCI (@CCI_India) January 20, 2021

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The deal was announced in October 2020.

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