SBI Life, Aditya Birla MF, Others Acquire 6% Stake in AB Lifestyle Brands for ₹998 Crore

A consortium of investors, including SBI Life Insurance, Aditya Birla Mutual Fund, Morgan Stanley, Goldman Sachs, and several others, has collectively acquired a 6 per cent stake in Aditya Birla Lifestyle Brands Ltd (ABLBL) from Flipkart Investments for ₹998 crore on Monday.

According to block deal data on the NSE, the investors purchased over 7.31 crore equity shares through open market transactions. Other participants in the stake acquisition included Amansa Capital (Singapore), Nippon India MF, ICICI Prudential MF, UTI MF, ICICI Prudential Life Insurance, Ghisallo Capital Management, Societe Generale, and US-based Pathstone.

The deal marks a significant investment in AB Lifestyle Brands, strengthening the involvement of leading domestic and global institutional investors in India’s consumer and lifestyle sector.

Market analysts noted that the open market acquisition reflects continued investor confidence in ABLBL’s growth prospects, particularly in the retail and lifestyle segments.

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