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Once the transaction is complete, Flying Machine will become a wholly owned subsidiary of Arvind Fashion
Ecommerce major Flipkart invested in Flying Machine in 2020, when it bought a minority stake for INR 260 Cr
This adds on to Flipkart’s recent restructuring exercises in the run up to its IPO
Adding to its selling spree in recent months, ecommerce major Flipkart
will now be selling its entire stake in clothing brand Flying Machine’s parent Arvind Youth Brands Pvt…
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Once the transaction is complete, Flying Machine will become a wholly owned subsidiary of Arvind Fashion
Ecommerce major Flipkart invested in Flying Machine in 2020, when it bought a minority stake for INR 260 Cr
This adds on to Flipkart’s recent restructuring exercises in the run up to its IPO
Adding to its selling spree in recent months, ecommerce major Flipkart will now be selling its entire stake in clothing brand Flying Machine’s parent Arvind Youth Brands Pvt…
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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