Arvind Fashions Acquires Flipkart’s Stake in Flying Machine Parent for ₹1.35 Billion

Arvind Fashions Limited has executed a Share Purchase Agreement with Flipkart India Private Limited to acquire the latter’s 31.25% shareholding in Arvind Youth Brands Private Limited for a cash consideration of ₹1.35 billion, the company said in a regulatory filing.

The acquisition will result in Arvind Youth Brands Private Limited becoming a wholly owned subsidiary of Arvind Fashions.
Arvind Youth Brands Private Limited, incorporated on February 27, 2020, operates within the "Apparel and Retail Industry" and is engaged in the wholesale and retail of apparel and accessories under the brand "Flying Machine".

The indicative time period for the completion of the acquisition is December 29, 2025.