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Flipkart invests Rs 260 cr in Arvind Fashions' arm, picks minority stake

Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand

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Arvind Fashions said Flying Machine has been retailing on the group's platforms of Flipkart and Myntra for over six years

Press Trust of India New Delhi

2 min read Last Updated : Jul 09 2020 | 3:41 PM IST

Arvind Fashions (AFL) on Thursday said Flipkart Group has invested Rs 260 crore to pick a minority stake in its subsidiary Arvind Youth Brands.

Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand.

"The Flipkart Group and Arvind Fashions (AFL) strengthened their partnership, through an investment of Rs 260 crore by Flipkart Group to purchase a significant minority stake in... Arvind Youth Brands which will own the Flying Machine brand," AFL said in a regulatory filing.

Arvind Fashions said Flying Machine has been retailing on the group's platforms of Flipkart and Myntra for more than six years.

"Through

Topics : Flipkart Arvind Fashions Kalyan Krishnamurthy

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