Arvind Fashions Limited (AFL) has announced its decision to acquire the Flipkart Group's entire stake of 31.25% in Arvind Youth Brands Private Limited (AYBPL) for ₹135 crore. This acquisition will make AYBPL a wholly owned subsidiary of AFL. The company highlighted that Flying Machine has re-established itself as a well-accepted brand on digital channels over the past five years, with the partnership with Flipkart contributing to its position as a top casual wear brand on digital platforms. Amisha Jain, Managing Director & Chief Executive Officer of Arvind Fashions, expressed gratitude to the Flipkart Group for their support and stated that the relationship with Flipkart will continue, ensuring Flying Machine remains available on their platforms, as well as other digital channels. Flying Machine is an iconic Indian denim brand with a 40-year legacy, known for its strong design sensibilities and youth appeal, and is a preferred style partner across various towns. Arvind Fashions Limited is India's leading casual and denim player, managing a portfolio of international and indigenous brands including U.S. Polo Assn., Arrow, Tommy Hilfiger, Calvin Klein, and Flying Machine.