Arvind Fashions to acquire 31.25% stake of Flipkart in Arvind Youth Brands for ₹135 crore
Arvind Fashions Ltd on Monday said it will acquire Flipkart group’s 31.25% stake in Arvind Youth Brands Pvt Ltd for ₹135 crore. Arvind Youth Brands Pvt Ltd (AYBPL) is currently engaged in the business of wholesale and retail of apparel and accessories under the brand name ‘Flying Machine’. It had a turnover of ₹432.16 crore…