Flipkart Invests Rs.1500 Crore in Aditya Birla Fashion And Retail Ltd
Flipkart will invest Rs 1,500 crore for a 7.8 % investment in India's Aditya Birla Fashion and retail Ltd. The assets of the investment will be earned at Rs 205 per share. According to the Aditya Birla Group's chairman Kumar Mangalam Birla, this alliance is an honest affirmation of India's potential growth. The firm aims to use this money in-order to improve their asset values and boost it's significant growth.