Stake sale · Commerce & Consumer Brands

Flipkart sells stakes in Blackbuck and ABFRL for ₹1,250 crore

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Flipkart is India's largest e-commerce marketplace

It sold its entire 9% stake in Blackbuck for ₹672 crore and 6% in ABFRL for ₹587.7 crore via block deals

The exits come after Blackbuck's IPO in November 2024 and amid a broader public market rebound in 2025

Flipkart exited two portfolio companies through block deals on the same day.
Its subsidiary Quickroutes International sold the entire 9% stake in Zinka Logistics (parent of Blackbuck) for ₹672 crore.
Flipkart Investments sold its entire 6% stake in Aditya Birla Fashion and Retail (ABFRL) for ₹587.7 crore.
The combined exit value exceeded ₹1,250 crore.
In the Blackbuck block deal, over 1.59 crore shares were offloaded in two tranches at ₹420.06–420.25 per share.
In the ABFRL block deal, 73.17 million shares were sold at ₹80.32 per share, a 6.6% discount to the previous close.
Goldman Sachs acted as the bookrunner for the ABFRL block deal.
Other investors including Peak XV Partners and Accel also sold Blackbuck shares in the same transaction.

Flipkart had invested in Blackbuck in 2015 and held a 13.2% stake before its IPO in November 2024.
Flipkart had already sold Blackbuck shares worth ₹151 crore in the IPO's offer-for-sale (OFS) and retained a stake worth ₹416 crore before this exit.
Flipkart acquired a 7.8% stake in ABFRL for ₹1,500 crore in October 2020 to strengthen its offline fashion strategy and bulk up Myntra.
The transactions occur amid a broader rebound in public markets after a steep decline at the start of 2025.

Blackbuck is India's largest digital trucking platform, a Bengaluru-based logistics tech firm.
ABFRL's portfolio includes brands like Louis Philippe, Van Heusen, Allen Solly, Peter England, Reebok, American Eagle, and Forever 21.