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Walmart-backed Flipkart has exited its investments in logistics tech firm Blackbuck and Aditya Birla Fashion and Retail (ABFRL) through separate block deals this week, cashing out stakes worth a combined Rs 1,250 crore.
The transactions come amid a broader rebound in public markets, following a steep decline at the start of the year. The recent recovery has triggered a spate of secondary deals involving promoters, private equity (PE) firms and strategic investors trimming positions.
Blackbuck exit
Flipkart subsidiary Quickroutes International sold its…
