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Capital markets regulator Sebi has kept proposed initial share-sale of Aditya Birla Sun Life AMC in "abeyance", an update with the watchdog showed on Monday.
However, the Securities and Exchange Board of India (Sebi) did not clarify further.
The asset management company had filed preliminary papers with Sebi in April to raise funds through through an initial public offer (IPO).
&nbsp;

SEBI halts Aditya Birla Sun Life's IPO 

Another IPO halted

Capital markets regulator Sebi has kept proposed initial share-sale of Aditya Birla Sun Life AMC in "abeyance", an update with the watchdog showed on Monday.
However, the Securities and Exchange Board of India (Sebi) did not clarify further.
The asset management company had filed preliminary papers with Sebi in April to raise funds through through an initial public offer (IPO).
&nbsp;

Market regulator puts the initial public offer in abeyance without providing details.&nbsp;

Capital markets regulator SEBI has kept proposed initial share-sale of Aditya Birla Sun Life AMC in "abeyance", an update with the watchdog showed on Monday.
However, the Securities and Exchange Board of India (SEBI) did not clarify further.
The asset management company had filed preliminary papers with SEBI in April to raise funds through an initial public offer (IPO).
&nbsp;

Flipkart to buy 7.8% stake in Aditya Birla Fashion & Retail

Flipkart will buy 7.8% stake in Aditya Birla Fashion &amp; Retail Limited for ₹1,500 crore

Flipkart to buy 7.8% stake in Aditya Birla Fashion &amp; Retail Ltd
₹1,500 crore&nbsp;deal will raise&nbsp;equity capital at ₹205/share
Aditya Birla Fashion runs brands like Pantaloons, Allen Solly
Reports said both Flipkart&nbsp;&amp; Amazon were in talks for the deal
Aditya Birla Group: endorsement of India's growth potential
&nbsp;

Walmart-owned Flipkart will buy 7.8% stake in Aditya Birla Fashion &amp; Retail Limited for ₹1,500 crore. Aditya Birla Fashion &amp; Retail runs brands like Pantaloons, Allen Solly, and Peter England.&nbsp;In a press release, Aditya Birla Fashion &amp; Retail Limited said the equity capital will be raised at ₹205 per share.
According to&nbsp;a report in the Economic Times, Flipkart and Amazon had both held separate talks with Aditya Birla Fashion &amp; Retail for a potential investment on Thursday&nbsp;but Flipkart&nbsp;managed to bag a stake in the fashion business.
Commenting on the deal, Kumar Mangalam Birla, Chairman of the&nbsp;Aditya Birla Group, said, the partnership is an emphatic endorsement of the growth potential of India.

aditya birla group

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