New Delhi: The shares of Aditya Birla Fashion and Retail (ABFRL) are in focus on Wednesday after Flipkart Investments sold its entire 6 per cent stake in the company through block deals worth Rs 583 crore. Goldman Sachs is the sole bookrunner for the deal.
Flipkart Investments is an arm of e-commerce firm Flipkart. The stake sale news strongly affected the stocks of ABFRL. The Aditya Birla Fashion & Retail shares plummeted nearly 10.35 per cent to trade at Rs 77.32 apiece on BSE.
The block deal included sale of up to 7.31 crore equity shares of ABFRL that were sold at a floor price of Rs 79.50 per share. The transaction included sale of approximately 73.17 million shares amounting to around 6 per cent stake in Mumbai-based ABFRL.
The sale was executed via one or more block deals on the NSE and BSE; with the total deal size estimated at Rs 583 crore (USD 68.1 million).
In its Q4 Results for 2024-25, ABFRL delivered a resilient performance by posting 9 percent growth YoY in, with revenue at Rs 1719 crore. The Ethnic businesses segment recorded a growth of 19%. The Designer led brand portfolio surged 46% YoY with 20%+ EBITDA margin. Luxury Retail grew 11 per cent as compared to last quarter of 2023-24.
According to a regulatory filing from Aditya Birla Fashion and Retail Ltd, the company had posted recorded a net loss of Rs 266.36 crore during Q4 of 2023-24. The revenue from operations surged to Rs 1,719.48 during the January-March quarter of FY25, while it was Rs 1,575.12 crore in the year-ago period.
Total expenses of the company stood at Rs 1,959.53 crore in the last quarter of 2024-25. The company further mentioned that its revenue from Pantaloons was recorded at Rs 884.60 crore and Rs 846.99 crore from Ethnic and others. In the full fiscal FY25, ABFRL’s net loss stood at Rs 455.82 crore.
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Flipkart Investments sold its entire 6% stake in Aditya Birla Fashion and Retail (ABFRL) through a block deal worth Rs 583 crore, causing ABFRL’s stock price to plummet by over 10%. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
