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Flipkart to Buy 7.8 Percent Stake in Aditya Birla's Fashion Unit for Rs. 1,500 Crores

Walmart's Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for Rs. 1,500 crores, the fashion retail company said, sending its shares up 6 percent on Friday.

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