Walmart Inc.’s Flipkart unit on Friday agreed to buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for ₹1,500 crore, a move that will help the online retailer consolidate its position in the apparel business with access to brands such as Allen Solly and Van Heusen, as it battles Amazon for dominance in India.
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