Arvind Fashions Buys Flipkart’s 31.25% Stake in Flying Machine Parent for Rs 135 Crore

Overview

• Arvind Fashions signed a share purchase agreement on December 29 to acquire Flipkart’s entire 31.25% holding in Arvind Youth Brands Pvt Ltd.
• The Rs 135 crore consideration comprises 1 equity share of Rs 10 and 5,895,852 compulsory convertible preference shares priced at Rs 100 each.
• On completion, Arvind Youth Brands will become a wholly owned subsidiary of Arvind Fashions alongside Arvind Lifestyle Brands.
• AYBPL operates the Flying Machine label, which reported Rs 432.16 crore in FY25 turnover, lower than in FY23 as per company disclosures.
• Arvind CEO Amisha Jain said Flying Machine will continue to be available on Flipkart and other digital platforms, while Flipkart’s exit follows recent stake sales such as BlackBuck and a 6% holding in Aditya Birla Lifestyle Brands.