The Indian Competition Authority conditionally approves a merger between fashion retailers (Aditya Birla Fashion and Retail / Flipkart Investments)

Aditya Birla Fashion and Retail Ltd. (“ABFRL / Target”) is a public limited company incorporated under the Companies Act, 1956. ABFRL is engaged in the business of manufacturing and retailing branded apparels, footwear and accessories, through its retail stores, multi-brand outlets, departmental stores, online retail platforms and e-commerce marketplaces, across India. Flipkart Investments Private Ltd. (“FIPL / Acquirer”) is a newly incorporated company which is not currently engaged in any business activities within India or