Flipkart to Sell ABFRL Stake for ₹600 Crore

Flipkart, owned by Walmart, plans to sell its 6% share in Aditya Birla Fashion & Retail Ltd (ABFRL) for about ₹600 crore.

The sale is happening through a special deal where the shares are offered at a slightly lower price than the current market value.

Goldman Sachs is helping with the sale, which is expected to happen soon.

ABFRL recently announced its financial results, showing a smaller loss compared to last year.

The company's revenue increased, but expenses also rose.

The stock price of ABFRL dropped slightly after the announcement.