New Delhi: A consortium of prominent investors, including SBI Life Insurance, Aditya Birla Mutual Fund, Morgan Stanley, Goldman Sachs, and others, have collectively acquired over 7.31 crore shares in Aditya Birla Lifestyle Brands Ltd (ABLBL). This purchase represents a 6% stake in the company and was made through open market transactions from Flipkart Investments for a total consideration of Rs 998 crore on Monday.

According to block deal data from the NSE, other notable entities involved in the stake acquisition include Singapore-headquartered Amansa Capital, Nippon India Mutual Fund, ICICI Prudential MF, UTI MF, ICICI Prudential Life Insurance, Ghisallo Capital Management, Societe Generale, and the US-based Pathstone. These investors have acquired their shares through separate deals, collectively amounting to a significant portion of the company.

In addition, Aditya Birla Sun Life Mutual Fund picked up 36.62 lakh shares, equivalent to a 0.3% stake, while SBI Life Insurance increased its holding by acquiring 1.73 crore shares, representing nearly 1.42% stake. With this purchase, SBI Life Insurance’s total holding in Aditya Birla Lifestyle Brands has risen from 2.23% to 3.65%.

The shares were bought at an average price of Rs 136.45 each, taking the overall transaction value to approximately Rs 998.41 crore.

This deal marks Flipkart’s complete exit from Aditya Birla Lifestyle Brands. The Bengaluru-based e-commerce giant, through its arm Flipkart Investments Pvt Ltd, sold its entire stake at the same price. Aditya Birla Lifestyle Brands is known for housing popular fashion brands such as Van Heusen, Louis Philippe, Peter England, and Allen Solly.

Following the announcement, shares of Aditya Birla Lifestyle Brands surged 7.01%, closing at Rs 146.01 on the NSE.

In related news, Aditya Birla Lifestyle Brands recently reported a 4.92% rise in its consolidated net profit to Rs 24.06 crore for the June quarter of FY26.

It is also noteworthy that in June this year, Flipkart exited Aditya Birla Fashion and Retail (ABFRL) by selling its entire 6% stake in the fashion retailer for Rs 588 crore.

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