The Indian Garage Co (TGIC), a fashion brand, has raised Rs 155 crore from Tmrw, a house of brands venture from the Aditya Birla Group, the two companies said in a press release on October 25. The funds will be used to expand sales channels, including D2C, and enter new categories. The money will also…
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…
Birla Cellulose, part of the Aditya Birla Group and one of the largest global manmade cellulosic fibre (MMCF) producer, has emerged as a winner in the first edition of the ‘National Innovative and Sustainable Supply Chain Awards’ by UN Global Compact Network India. The case study presented by the company – Liva Reviva by Birla…
Hindalco Industries Limited, the Aditya Birla Group metals flagship, announced plans to set up a 34,000-tonne extrusion plant at Silvassa. The new plant will service the fast-growing market for extruded aluminium products in the western and southern regions, according to the statement. The ₹730-crore project in Silvassa signals a big step forward in Hindalco’s downstream…
The Board of Directors of Aditya Birla Group Cement Flagship Company, UltraTech Cement, at a meeting, has approved increasing capacity by 12.8 mtpa with a mix of brown field and green field expansion. The additional capacity will be created in the markets of the east, central and north regions of the country. Mr. Kumar Mangalam…
Hindalco-owned Novelis recently announced that it has completed the acquisition of Ohio-based aluminium rolled product manufacturer Aleris Corp. The deal, which was signed two years back, has finally been completed at a value of $2.8bn. The deal has also made Hindalco the world’s largest aluminium maker. In an official statement, Kumar Mangalam Birla, Chairman of…
The novel coronavirus which originated from China has now started to engulf India. So far, the virus has claimed more than 80 lives in India and infected more than 3,000 people. The COVID-19 pandemic presents an unprecedented challenge to the nation. This crisis calls for an even stronger and concerted action from corporate citizens to…
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…
Artificial Intelligence is the future for almost all industries, and who better to personify its diversity than India’s leading behemoth Aditya Birla Group (ABG). In a move that is set to bring together and share expertise from across the country, ABG’s Group Data and Analytics (GDNA) Cell, in association with the Analytics India Magazine, is…