CCI approves e-commerce giant Flipkart s acquisition of 7 8 percent stake in Aditya Birla Fashion firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.
CCI approves Flipkart s acquisition of 7.8pc stake in Aditya Birla Fashion
Aditya Birla Fashion, in October last year, had approved plans to raise Rs 1,500 crore by issuing a 7.8 percent stake on a preferential basis to Walmart-owned Flipkart Group.
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7.8 percent minority stake in
Aditya Birla Fashion by
Aditya Birla Fashion, in October last year, had approved plans to
raise Rs 1,500 crore by issuing a 7.8 percent stake on a preferential basis to Walmart-owned Flipkart Group. Commission approves acquisition of a 7.8 percent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd, the regulator said in a tweet.
Competition Commission of India on Wednesday said it has approved the acquisition of 7.8 per cent minority stake in Aditya Birla Fashion by Flipkart Investments Private Ltd (FIPL).
Aditya Birla Fashion had in October last year approved plans to raise Rs 1,500 crore by issuing a 7.8 per cent stake on a preferential basis to Walmart-owned Flipkart Group. Commission approves acquisition of a 7.8 per cent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd, the regulator said in a tweet. With this infusion, Flipkart Group will own a 7.8 per cent equity stake in ABFRL on a fully diluted basis. The promoter and promoter group companies of ABFRL will hold about 55.13 per cent upon completion of the issuance, ABFRL said in a regulatory filing earlier.
Aditya Birla Fashion and Retail Ltd is engaged in the business of manufacturing and retailing branded apparels, footwear and accessories, through its retail stores, multi-brand outlets, departmental stores etc
December 30, 2020 By Javed Farooqui 36
The net total income of the company was Rs 1718.5 crore in the current fiscal as against Rs 1088.8 crore in the previous fiscal
Online fashion retailer Myntra Designs’ advertisement expense jumped to Rs 468 crore for the fiscal ended 31st March 2020 from Rs 395.2 crore in the previous fiscal.
The advertising promotional expense has climbed to Rs 552.9 crore in FY20 from Rs 409.6 crore in the previous fiscal, according to Registrar of Companies filing shared by market intelligence firm Tofler.
Apart from advertisement expense, the advertising promotional expense also includes business promotion expenses, which increased to Rs 84.8 crore in FY20 from Rs 14.4 crore in FY19.