Arvind Fashions snaps up Flipkart’s stake in Flying Machine for Rs 135 crore

Arvind Fashions is acquiring Flipkart India's stake in its Flying Machine business. The deal is valued at Rs 135 crore. This move will give Arvind Fashions full ownership of the denim brand. Flipkart had previously invested in the unit. The acquisition aims to streamline operations for Arvind. It also aligns with Flipkart's strategy to focus on its core e-commerce platforms.