Aditya Birla Group: Up to 3% Stake Sale Expected in Lifestyle, Fashion Units

• Block deals are anticipated in Aditya Birla Lifestyle Brands Ltd and Aditya Birla Fashion and Retail Ltd (ABFRL) on January 20.
• Undisclosed institutional investors plan to sell up to 3% equity in each company.
• Aditya Birla Lifestyle Brands Ltd's deal is valued at $43 million, with a floor price of ₹106.14 per share (8.4% discount).
• ABFRL's deal is valued at $32 million, with a floor price of ₹65.78 per share (8.5% discount).
• Both transactions are described as 'clean-out' or 'clean-up' trades, following a previous 6% stake sale by Flipkart Investments in Aditya Birla Lifestyle Brands in October.

Why It Matters: Institutional investors are offloading significant stakes in Aditya Birla Lifestyle and Fashion via block deals.