Arvind Fashions Moves to Buy Flipkart’s 31.25% Stake in Arvind Youth Brands

On December 29, Arvind Fashions Ltd announced that it would pay INR 135 crore to purchase the Flipkart group's 31.25% share in Arvind Youth Brands Pvt Ltd. Under the brand name "Flying Machine", Arvind Youth Brands Pvt Ltd (AYBPL) presently operates a wholesale and retail clothing and accessory business.

According to a regulatory filing, the company's turnover for the fiscal year that concluded on March 31, 2025, was INR 432.16 crore. Flying Machine has regained its reputation as a well-liked brand on digital platforms during the past five years. According to a separate filing, Flying Machine's connection with the Flipkart group helped it become one of the leading casual wear brands on digital platforms, appealing to India's fashion-conscious millennials.

No Plans to Offline on Flipkart: Jain

According to Amisha Jain, managing director and CEO of Arvind Fashions Ltd. (AFL), the company's partnership with the Flipkart group will continue to guarantee that customers can continue to purchase Flying Machine on its platforms. Customers will be able to access the brand on additional digital platforms and portals.

When the deal closes, which is anticipated to happen on December 29, 2025, AFL will purchase 31.25% of AYBPL's total shareholding on a fully diluted basis, consisting of 58,95,852 compulsory convertible preference shares (CCPS) of INR 100 each and 1 equity share of INR 10 each. According to AFL, AYBPL will become a fully-owned subsidiary of the business following the acquisition.

Flipkart Secures NCLT Nod to Move Domicile

According to various media reports, Walmart-owned online retailer Flipkart has been given permission by the National Company Law Tribunal (NCLT) to move its headquarters from Singapore to India. This move brings the company one step closer to its eagerly awaited public listing on Indian exchanges. The Bengaluru-based online retailer has now applied for central government approval under the Press Note 3 regulations.

The company intends to file the draft papers for its initial public offering in 2026. A media source claims that Tencent, a Chinese investor, owns 5–6% of Flipkart. As a result, the e-commerce company needs permission from the government to integrate its Singaporean parent company with the Indian corporation. It is unlikely to be a significant obstacle, though, as Flipkart is primarily controlled by its US parent. The report also stated that a few weeks earlier, a Singaporean court gave its approval.