Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 crore

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Walmart-backed Flipkart has exited its investments in logistics tech firm Blackbuck and Aditya Birla Fashion and Retail (ABFRL) through separate block deals this week, cashing out stakes worth a combined Rs 1,250 crore.

The transactions come amid a broader rebound in public markets, following a steep decline at the start of the year. The recent recovery has triggered a spate of secondary deals involving promoters, private equity (PE) firms and strategic investors trimming positions.

Blackbuck exit

Flipkart subsidiary Quickroutes International sold its…



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Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 crore


Walmart-backed Flipkart has exited its investments in logistics tech firm Blackbuck and Aditya Birla Fashion and Retail (ABFRL) through separate block deals this week, cashing out stakes worth a combined Rs 1,250 crore.

The transactions come amid a broader rebound in public markets, following a steep decline at the start of the year. The recent recovery has triggered a spate of secondary deals involving promoters, private equity (PE) firms and strategic investors trimming positions.

Blackbuck exit

Flipkart subsidiary Quickroutes International sold its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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