Flipkart India earnings. (Image: Anirudh Saligrama/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Flipkart is set to offload its entire 6% stake in Aditya Birla Lifestyle Brands Ltd. (ABLBL) through a block deal, as per term sheet seen by NDTV Profit.

The transaction will involve the sale of approximately 7.3 crore shares at a base price of Rs 130, representing a discount of up to 4.73% on ABLBL’s last closing price of Rs 136.45 on the National Stock Exchange, as of Oct. 3.

This will mark one of the biggest exits from a private investor from a domestic retail company in recent times. Flipkart had invested in Aditya Birla Fashion in 2020.

The exit is part of the company's realignment strategy as the Walmart-owned e-commerce giant looks to calibrate its busi

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