June 4, 2025
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Aditya Birla Fashion shares sink 9% amid reports of Flipkart stake sale via block deal
Shares of Aditya Birla Fashion and Retail Ltd (ABFRL) tumbled sharply on June 4, 2025, after reports emerged that Flipkart may offload a significant portion of its stake in the company through a block deal valued at Rs.600 crore.
The retail major’s stock dropped as much as 8.9 percent intraday to touch a low of Rs.78.30 on the BSE, nearing its 52-week low of Rs.77.25 recorded in March 2025. This sell-off was triggered by reports suggesting that Flipkart Investments Private Ltd, a subsidiary of e-commerce giant Flipkart, is looking to exit approximately 6 percent of its holding in ABFRL through a clean-out block trade.
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