Flipkart-Aditya Birla Fashion deal gets approval from CCI

Bengaluru: The Competition Commission of India (CCI) has approved the Rs 1,500-crore Flipkart-Aditya Birla Fashion deal, giving a leg-up to the online fashion retail business of the Walmart Inc.-owned company.

“Commission approves acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd,” India’s antitrust regulator said in a tweet.