Shares of Aditya Birla Fashion and Retail Ltd (ABFRL) will be in focus today as Flipkart is set to offload its entire 6 percent stake in the company through block deals.
The total deal size is estimated to be nearly Rs 600 crore.
The floor price for the block deal has been set at Rs 80 per share, which is at a 7 percent discount to the current market price.
Goldman Sachs is the broker managing the transaction.
Market participants will closely watch the stock as the block deal is executed and absorbed by the market through the day.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
