ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail

Flipkart to buy 7.8% stake in Indian fashion retailer for $204m

Walmart-owned platform to gain from Aditya Birla Retail's offline presence

A woman walks past an apparel store in Mumbai. Flipkart expects its technological expertise to enhance Aditya Birla Fashion's omnichannel capabilities.   © Reuters

MUMBAI -- Walmart-owned Flipkart will acquire a 7.8% stake in Aditya Birla Fashion and Retail, run by billionaire Kumar Mangalam Birla, for 15 billion rupees ($204 million) as it moves to tap the offline retail player's large bank of apparel outlets.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more