Aditya Birla Fashion and Retail (ABFRL) shares declined 10% to ₹77 per share on Wednesday. The stock fell after reports claimed Flipkart is offloading its entire 6% stake in ABFRL through a block deal estimated at nearly ₹600 crore. Flipkart reportedly offered to sell its stake at ₹79.50 per share, a discount of 7.6% to the last closing price.
short by
Pragya Swastik /
11:03 am on
04 Jun