Aditya Birla Fashion and Retail Limited (ABFRL), one of India’s leading fashion companies, announced the culmination of the Sustainability Accelerator Program 2023, a collaborative project with 1 Million for 1 Billion (1M 1B). The program, held in November 2023, demonstrated ABFRL’s commitment to build green skills and empower Indian students while nurturing the talents required…
India’s leading fashion company, Aditya Birla Fashion and Retail Limited (ABFRL) announced the appointment of Shobha Ratna Tanniru as Chief Human Resources Officer (Designate), with effect from December 15, 2023. According to the company’s exchange filing, “we are pleased to announce the appointment of Ms. Shobha Ratna Tanniru, as Chief Human Resources Officer (Designate), Aditya…
TCNS Clothing (TCNS), India’s leading women’s ethnic focused fashion player, announced that it has entered into definitive agreements for combining with ABFRL, India’s leading fashion & apparel company, and a part of the Aditya Birla group. The transaction entails combination of TCNS into ABFRL and will be carried out through ‐ (1) Acquisition of the…
The board of Aditya Birla Fashion and Retail Limited (ABFRL) in its meeting approved raising of up to Rs.2,195 Cr. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC). GIC will invest Rs. 770 Cr. now towards subscription of equity and warrants, followed by up…
Fashion conglomerate Aditya Birla Fashion & Retail Limited has re-appointed Ashish Dikshit as Managing Director of the company, with effect from February 1, 2023. Ashish Dikshit is an Electronics & Electrical Engineer from IIT – Madras and holds a Master’s Degree in Business Administration from IIM – Bangalore. He is also an alumnus of Harvard Business…
Aditya Birla Fashion and Retail Limited (ABFRL), one of India’s leading fashion companies, announced its collaboration with Accenture for a digital transformation program designed to drive growth, increase business agility and improve operational efficiency. As part of its transformation strategy, ABFRL has chosen Accenture to design, develop, and deploy an enterprise resource planning (ERP) system based…
Aditya Birla Fashion and Retail Limited (ABFRL) has announced that it has approved the raising of Rs. 1500 crore by way of preferential issue to Flipkart Group, according to the company’s exchange filings. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis. The promoter and promoter group…
Aditya Birla Fashion and Retail Ltd., in an official statement on Tuesday, announced the appointment of Himanshu Kapania as the company’s Vice Chairman and additional (non-executive) Director with the board’s approval. His appointment will come in effect after January 1, 2020 and he is “liable to retire by rotation.” The development is subject to the…