google adsense check
Home STOCKS Arvind Lifestyle Brands Ltd: Arvind Way of life Manufacturers gets Rs 260...

Arvind Lifestyle Brands Ltd: Arvind Way of life Manufacturers gets Rs 260 crore from Flipkart for minority stake in group business

Arvind Fashions (AFL) on Tuesday reported its subsidiary Arvind Life-style Makes has obtained Rs 260 crore from Flipkart India to choose a minority stake in another team agency Arvind Youth Models. Arvind Youth Manufacturers is Arvind Fashions’ not too long ago-fashioned subsidiary which will individual the Traveling Device brand name.
“…Immediately after completion of the customary conditions precedent, Arvind Life style Makes Ltd, a subsidiary of the business, received Rs 260 crore from Flipkart India as consideration for the sale of a significant minority stake in Arvind Youth Models, a further subsidiary of the enterprise,” Arvind Fashions claimed in a BSE filing.
Previously this thirty day period, Arvind Fashions had knowledgeable exchanges that Flipkart Team experienced invested Rs 260 crore to decide on a minority stake in its subsidiary Arvind Youth Models.
Flying Device has been retailing on the group’s platforms of Flipkart and Myntra for extra than six yrs.


Please enter your comment!
Please enter your name here

Most Popular

Amy Coney Barrett emerges as a front-runner to fill Ginsburg Supreme Courtroom seat

Amy Coney BarrettUniversity of Notre Dame | ReutersJudge Amy Coney Barrett of the 7th Circuit Courtroom of Appeals has emerged as a front-runner to...

Recent Comments