Flipkart likely to sell its entire 6% stake in ABFRL for ₹600 crore via block deal

Walmart-owned Flipkart is expected to offload its entire 6% stake in Aditya Birla Fashion & Retail Ltd (ABFRL) through a block deal worth nearly ₹600 crore, sources told CNBC Awaaz.

The floor price for the transaction has been fixed at ₹80 per share, representing a discount of around 7% to Aditya Birla Fashion & Retail's current market price. The deal is likely to be executed tomorrow. Goldman Sachs is acting as the broker for the transaction, according to people familiar with the matter.

Aditya Birla Fashion and Retail Ltd said its consolidated net loss narrowed to ₹23.55 crore in the fourth quarter ended March 2025. The company had posted a net loss of ₹

266.36 crore during the January-March quarter a year ago, according to a regulatory filing.

Also Read: Aditya Birla Fashion raises ₹1,860 crore through QIP at ₹271.3 per share

Its revenue from operations rose to ₹1,719.48 during the quarter under review. It was at ₹1,575.12 crore in the year-ago period. Total expenses of ABFRL were at ₹1,959.53 crore in the March quarter. According to ABFRL, its results are not comparable due to the demerger of Madura Fashion & Lifestyle Business.

Its revenue from Pantaloons was at ₹884.60 crore and ₹846.99 crore from Ethnic and others. In the financial year ended March 2025, ABFRL's net loss was at ₹455.82 crore. In FY25, the revenue from operations was at ₹7,354.73 crore.

Shares of Aditya Birla Fashion and Retail Ltd ended at ₹86.06, down by ₹1.59, or 1.81%, on the BSE.

Also Read: Aditya Birla Fashion Q3 Results: Net loss narrows, revenue rises; margin expands