ICICI Securities: Flipkart Investment To Strengthen Aditya Birla Fashion's Balance Sheet 
The signage for Flipkart is displayed outside the company’s headquarters in Bengaluru, India. (Photographer: Namas Bhojani/Bloomberg)

ICICI Securities: Flipkart Investment To Strengthen Aditya Birla Fashion's Balance Sheet 

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.

ICICI Securities Report

Aditya Birla Fashion and Retail Ltd. announced a strategic partnership with Flipkart group (Walmart-owned India’s leading digital commerce entities) with latter investing Rs 15 billion in the company for a minority 7.8% stake.

With this capital raise, Aditya Birla Fashion can strengthen its balance sheet and accelerate growth, enabling it to emerge as a strong omni-channel player.

Flipkart, on the other hand, will be able to strengthen its range of brands through Aditya Birla Fashion’s wide distribution network and retail infrastructure.

This partnership aims to leverage complementary strength of both the companies to build scale for brands and expand overall reach, in our view.

Click on the attachment to read the full report:

ICICI Securities Aditya Birla Fashion & Retail Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.