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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.

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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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