ABFRL to raise Rs 2500 crore after demerging Madura business into new separate listed entity Aditya Birla Lifestyle Brands, ET Retail
ABFRL plans to raise Rs 2500 crore by splitting its retail business, creating ABLBL with brands like Louis Phillippe, Peter England, and Sabyasachi. The demerger aims to unlock value and support growth through equity raise.
Source: indiatimes.com