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Motilal Oswal Report
Flipkart would invest Rs 15 billion as part of a strategic investment in Aditya Birla Fashion and Retail Ltd., taking 7.8% equity stake at a price of Rs 205 per share, approximately 37% premium (on October 22, 2020 closing price).
It would be entitled to a board seat and Right of First Refusal for one to five years.
Promoter stake in the company would fall to 55.1%, from 59.8% currently, on a post-equity basis.
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