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