Indian Hotels, Coromandel, Metropolis, ABFRL to enter F&O - The Hindu BusinessLine
This will happen on June 25, says NSE
Source: thehindubusinessline.com
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Aditya Birla Fashion sees e-commerce muscle growing
The Pantaloons parent said its investments in hyper-local, WhatsApp commerce and mobile apps are likely to grow their contribution significantly to sales
Source: origin-businesstoday.intoday.in
ABFRL: Aditya Birla Fashion on a shopping spree: After acquiring 51% stake in Sabyasachi, now partners with Tarun Tahiliani for men's ethnic wear
NEW DELHI: Aditya Birla Fashion and Retail Ltd has partnered with fashion designer Tarun Tahiliani to form a new entity that will soon launch a contemporary men's ethnic wear brand. "Aditya Birla Fashion and Retail Ltd (ABFRL) has announced a strategic partnership with India's ace designer Tarun Tahiliani to form a new entity that will soon launch a contemporary men's ethnic wear brand. "The new brand will operate in the premium occasion wear segment and will offer the entire range of high quality, sophisticated celebration wear for men at accessible price points," the company said in a re...
Source: indiatimes.com
India´s regulator approves Flipkart's minority stake acquisition in ABFRL
India´s regulator approves Flipkart's minority stake acquisition in ABFRL By Angela Gonzalez-Rodriguez 21 Jan 2021 The Competition Commission of India (CCI) approved on Wednesday Flipkart’s acquisition of a minority stake in Aditya Birla Fashion and Retail Ltd (ABFRL). India´s e-commerce giant Flipkart proposed to acquire 7.8 percent stake in ABFRL through its wholly-owned subsidiary Flipkart Investments Private Ltd (FIPL). Conversely, in October last year, Aditya Birla Fashion’s board had approved plans to issue a 7.8 percent stake on a preferential basis to Walmart-owned Flipkart Grou...
Source: fashionunited.uk
Competition Commission of India approves Flipkart-Aditya Birla Fashion deal
Competition Commission of India on Wednesday said it has approved the acquisition of 7.8 per cent minority stake in Aditya Birla Fashion by Flipkart Investments Private Ltd (FIPL). Aditya Birla Fashion had in October last year approved plans to raise Rs 1,500 crore by issuing a 7.8 per cent stake on a preferential basis to Walmart-owned Flipkart Group. "Commission approves acquisition of a 7.8 per cent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd," the regulator said in a tweet. With this infusion, Flipkart Group will own a 7.8 per cent equity s...
Source: business-standard.com