Arvind Fashions Ltd on Monday introduced that it’ll purchase 31.25% stake in Arvind Youth Manufacturers Pvt Ltd from Flipkart Group for Rs 135 crore.
Arvind Youth Manufacturers Pvt Ltd (AYBPL) is at present engaged in wholesale and retail enterprise of attire and equipment beneath the model title ‘Flying Machine’. Income for the monetary 12 months ended March 31, 2025 was Rs 432.16 crore, the corporate stated in a regulatory submitting.
Over the previous 5 years, Flying Machines has re-established itself as a broadly accepted model in digital channels. The partnership with Flipkart Group has enabled Flying Machine to cater to the wants of India’s style conscious youth and turn into one of many prime informal put on manufacturers on digital platforms, the corporate stated in a separate submitting.
Arvind Fashions Ltd (AFL) Managing Director and CEO Amisha Jain stated, “Our relationship with Flipkart Group will proceed and we’ll proceed to make Flying Machine accessible to customers on their platform. The model may also be accessible to customers on different digital channels and portals.”
AFL will purchase 31.25 per cent of the overall shareholding in AYBPL on a totally diluted foundation, comprising one fairness share of Rs 10 per share and 58,95,852 Obligatory Convertible Desire Shares (CCPS) of Rs 100 per share, upon completion of the transaction, which is predicted to be accomplished on December 29, 2025, the corporate stated.
After the acquisition, AYBPL will turn into an entirely owned subsidiary of the corporate, AFL added.
