Arvind Fashions is acquiring Flipkart's 31.25% stake in Arvind Youth Brands (AYBPL), which operates the Flying Machine brand, for Rs 135 crore. This acquisition will make AYBPL a wholly-owned subsidiary of Arvind Fashions. The partnership with Flipkart helped Flying Machine grow on digital platforms. Arvind Fashions stated that consumers will continue to find the brand on Flipkart's platforms. The deal simplifies operations for Arvind and aligns with Flipkart's strategy to focus on core e-commerce.