Arvind Fashions to amass 31.25% stake of Flipkart in Arvind Youth Manufacturers for Rs 135 cr

Arvind Fashions Ltd on Monday mentioned it should purchase Flipkart group’s 31.25 % stake in Arvind Youth Manufacturers Pvt Ltd for Rs 135 crore.

Arvind Youth Manufacturers Pvt Ltd (AYBPL) is at present engaged within the enterprise of wholesale and retail of attire and equipment beneath the model title ‘Flying Machine’. It had a turnover of Rs 432.16 crore within the monetary yr ended March 31, 2025, the corporate mentioned in a regulatory submitting.

Over the past 5 years Flying machine has re-established as a well-accepted model on digital channels. The partnership with the Flipkart group helped Flying Machine turn into one of many high informal put on manufacturers on digital platforms, catering to the fashion-conscious youth of India, it mentioned in a separate submitting.

“Our relationship with the Flipkart group will proceed guaranteeing customers can nonetheless store Flying Machine on its platforms. The model may also be obtainable to customers on different digital channels and portals,” Arvind Fashions Ltd (AFL) Managing Director & CEO Amisha Jain mentioned.

AFL will purchase 31.25 per cent of the entire shareholding of AYBPL on a completely diluted foundation, comprising of 1 fairness share of Rs 10 every and 58,95,852 obligatory convertible desire shares (CCPS) of Rs 100 every, upon closing of the transaction, which is anticipated to be accomplished on December 29, 2025, the corporate mentioned.

Put up the acquisition, AYBPL will turn into a wholly-owned subsidiary of the corporate, AFL added.

Earlier this month, Flipkart had reported that it has secured clearance from the Nationwide Firm Regulation Tribunal (NCLT) to flip its domicile from Singapore to India. With this, the Walmart-owned ecommerce participant strikes nearer to its public market debut dream.