Flipkart sells entire 31.25% stake in Flying Machine parent to Arvind Fashions for Rs 135 crore
Walmart-owned ecommerce giant Flipkart is exiting its investment in Flying Machine as part of a broader portfolio clean-up ahead of its proposed IPO , with Arvind Fashions set to acquire the ecommerce major’s entire stake in the brand’s parent entity. Arvind Fashions Ltd said it will acquire Flipkart Group’s 31.25% holding in Arvind Youth Brands Pvt Ltd (AYBPL) for Rs 135 crore, making the company a wholly owned subsidiary. The acquisition will be executed through a share purchase agreement with Flipkart India Pvt Ltd and is expected to close on December 29, 2025, the company said in a regulatory filing. The transaction involves the purchase of one equity share of Rs 10 each and 58,95,852 compulsory convertible preference shares (CCPS) of Rs 100 each, representing Flipkart’s entire stake in AYBPL on a fully diluted basis. AYBPL operates in the wholesale and retail of apparel and accessories under the Flying Machine brand. Flipkart had invested Rs 260 crore in Arvind Youth Brands in ...