TaxTMI 
TaxTMI 
CCI approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL)
X X X X Extracts X X X X
X X X X Extracts X X X X
....CI approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL) <br>News and Press Release<br>Dated:- 21-1-2021<br><BR>The....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Competition Commission of India (CCI) approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL). FIPL is a newly inco....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rporated company and is a wholly owned subsidiary of Flipkart Private Limited (FPL). FPL belongs to the Walmart Group, which comprises Walmart Inc. (Walmart) and its affiliates. The Walmart Group unde....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rtakes various business activities in India, such as wholesale trading of products, providing e-commerce marketplace services and digital payments services. ABFRL is a public limited company incorpor....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ated in India and is part of the Aditya Birla conglomerate. ABFRL (including through its subsidiaries) is engaged in the business of manufacturing and retailing branded apparels, footwear and accessor....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ies, through its retail stores, multi-brand outlets, departmental stores, online retail platforms and e-commerce marketplaces, across India. The proposed combination relates to acquisition by FIPL of....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... a minority shareholding of 7.8%, on a fully diluted basis in ABFRL, by way of subscription equity shares. Detailed order of the CCI will follow.<BR> News - Press release - PIB....