India, Oct. 6 -- Update | October 6, 22:10 PM

Flipkart's investment vehicle, Flipkart Investments Private Limited, has sold 7.32 Cr shares in Aditya Birla Lifestyle Brands Ltd (ABLB) via a block deal today for INR 998.4 Cr. The block deal valued each share of the company at INR 136.45, a discount of 7% from the company's closing price of INR 146.65.

The shares were lapped up by investors like Goldman Sachs, Societe Generale, Morgan Stanley, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Ghisallo Master Fund and Amansa Holdings Private Limited.

Original | October 6, 12:21 PM

Flipkart Investments, the investment vehicle of ecommerce giant Flipkart, is reportedly diluting its entire 6% stake in Aditya Birla Lifestyle Br...