Overview
- Flipkart Investments sold 73.17 million shares, representing roughly 6%, at Rs 136.45 each for proceeds of about Rs 998 crore, according to NSE data.
- Key buyers included ICICI Prudential Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, SBI Life Insurance, Morgan Stanley, Societe Generale and Goldman Sachs through ODI vehicles.
- Aditya Birla Lifestyle Brands shares jumped nearly 10% intraday to Rs 150 on Monday and closed at Rs 146.01 on the NSE.
- The exit is framed as part of Flipkart’s preparation for a public listing and its broader realignment toward India.
- The transaction follows the June demerger and listing of Aditya Birla Lifestyle Brands from Aditya Birla Fashion and marks Flipkart’s second exit from the group this year.