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…
Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, and Aditya Birla Fashion and Retail Limited (ABFRL), India’s leading fashion company, announced the signing of a long-term licensing agreement, which grants ABFRL exclusive rights to distribute and sell Reebok products through wholesale, e-commerce and Reebok branded retail stores in India and other…
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…