Walmart-owned Flipkart on Monday sold its entire 6% shareholding in Aditya Birla Lifestyle (ABLBL) in a Rs 998-crore bulk deal. This is the second such exit by the company after its block deal of Rs 582 crore in June in Aditya Birla Fashion and Retail (ABFRL). Flipkart had received the shares in ABLBL following the latter’s demerger from ABFRL in June.
How many shares did Flipkart sell?
As per data on NSE, Flipkart Investments sold 73.17 million shares at aprice of Rs 136.45 a piece, which was the same as Friday’s close.
Who were the key buyers?
Among key buyers included ICICI Prudential Mutual Fund, Nippon India Mutual Fund, SBI Life Insurance, Morgan Stanley, Societe Generale and Goldman Sachs.
Following the stake sale, shares of Aditya Birla Fashion rose 7.5% to close at Rs 146.72 apiece on the NSE on Monday.