BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Flipkart would invest Rs 15 billion as part of a strategic investment in Aditya Birla Fashion and Retail Ltd., taking 7.8% equity stake at a price of Rs 205 per share, approximately 37% premium (on October 22, 2020 closing price).
It would be entitled to a board seat and Right of First Refusal for one to five years.
Promoter stake in the company would fall to 55.1%, from 59.8% currently, on a post-equity basis.
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