Overview

• Flipkart sold about 7.3 crore shares of Aditya Birla Lifestyle Brands at a base price of Rs 130, valuing the block at roughly Rs 950 crore.
• The deal price reflected up to a 4.73% discount to Friday’s NSE close of Rs 136.45.
• ABLBL shares jumped nearly 10% at the open, touching an intraday high near Rs 150 after the transaction.
• The sale was labeled a clean-up trade with no lock-up conditions attached.
• The exit was reported as part of Flipkart’s business realignment, with local reports linking it to IPO preparations and a planned shift of headquarters to India.