Indian e-commerce firm Flipkart’s investment arm is diluting its full 6-per cent stake in Aditya Birla Lifestyle Brands Ltd (ABLBL) through a block deal worth $114 million.
Flipkart Investments is set to sell 73 million at a base price of ₹130 per share.
ABLBL has Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter, American Eagle and Reebok’s sportswear business in its portfolio.