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Competition Commission of India approves Flipkart-Aditya Birla Fashion deal
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CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail

Amazon and Flipkart can't directly acquire assets under FDI rules, so they are doing smaller strategic stake deals with offline retailers, hoping to acquire offline assets when rules change

Topics
Competition Commission of India | Aditya Birla Fashion | Flipkart

Peerzada Abrar  |  Bengaluru 



Flipkart
Last July, Flipkart Group also invested Rs 260 crore for a significant minority stake in retailer Arvind Fashions’ (AFL) subsidiary Arvind Youth Brands, which owns the Flying Machine brand.

The (CCI) on Wednesday approved the acquisition of a 7.8 per cent minority stake in and Retail Ltd by Investments Private Ltd. The competition watchdog made the announcement in the evening on Twitter.

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First Published: Wed, January 20 2021. 21:15 IST

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