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CCI has approved the acquisition of how much per cent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd.?

CCI has approved the acquisition of how much per cent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd.? Correct Answer 7.8

The correct answer is 7.8%.

  • The Competition Commission of India (CCI) has approved the ₹1,500-crore Flipkart-Aditya Birla Fashion and Retail Ltd (ABFRL) deal.
  • It will help Flipkart consolidate its position in the apparel business.
  • CCI has approved the acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd.
  • The deal was announced in October 2020.

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