CCI approves Flipkart-Aditya Birla Fashion deal, Despite FDI violation case
Shortpedia
Content Team
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The Competition Commission of India (CCI), on Wednesday, approved Flipkart’s INR 1,500 Cr investment in Aditya Birla Fashion and Retail (ABFRL), which owns brands like Pantaloons, Allen Solly and Peter England. “Commission approves acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd,” India’s antitrust regulator tweeted.
