5 months ago
2
Arvind Fashions Ltd connected Monday said it volition get Flipkart group's 31.25% involvement successful Arvind Youth Brands Pvt Ltd for ₹135 crore.
Arvind Youth Brands Pvt Ltd (AYBPL) is presently engaged successful the concern of wholesale and retail of apparel and accessories nether the marque sanction 'Flying Machine'. It had a turnover of ₹432.16 crore successful the fiscal twelvemonth ended March 31, 2025, the institution said successful a regulatory filing.
Over the past 5 years Flying instrumentality has re-established arsenic a well-accepted marque connected integer channels. The concern with the Flipkart radical helped Flying Machine go 1 of the apical casual deterioration brands connected integer platforms, catering to the fashion-conscious younker of India, it said successful a abstracted filing.
"Our narration with the Flipkart radical volition proceed ensuring consumers tin inactive store Flying Machine connected its platforms. The marque volition besides beryllium disposable to consumers connected different integer channels and portals," Arvind Fashions Ltd (AFL) Managing Director & CEO Amisha Jain said.
AFL volition get 31.25% of the full shareholding of AYBPL connected a afloat diluted basis, comprising of 1 equity stock of ₹10 each and 58,95,852 compulsory convertible penchant shares (CCPS) of ₹100 each, upon closing of the transaction, which is expected to beryllium completed connected December 29, 2025, the institution said.
Post the acquisition, AYBPL volition go a wholly-owned subsidiary of the company, AFL added.
