Brands Companies News

ABFRL To Pick Up 29% Stake In TCNS Clothing

Aditya Birla Fashion and Retail (ABFRL) is picking up 29 per cent stake (1,87,08,227 shares) in TCNS Clothing. ABFRL has made a conditional open offer to acquire up to 29 per cent stake at Rs 503 per share from public shareholders and acquire the remaining stake from the founder promoters to reach an overall shareholding […]

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Brands News Retail

Aditya Birla Fashion To Acquire 51% Stake In TCNS Clothing For Rs 1650 Cr

Aditya Birla Fashion and Retail (ABFRL) on Friday said it will acquire 51 per cent of TCNS Clothing for Rs 1,650 crore. The deal will be undertaken with acquisition of promoter’s stake through a SPA and a conditional public open. The size of deal means that it would be one of the largest deals in […]

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ABFRL and GIZ Promotes Sustainable Solutions In Textile Industry

 Aditya Birla Fashion and Retail Limited (ABFRL), one of India’s leading fashion companies, and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) announced the launch of the ‘Circularity Innovation Challenge 2023’. This initiative, in collaboration with Centre for Environment Education (CEE) and GIZ Leverist, aims to create a platform for innovators in the textile and apparel industry to develop innovative […]

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Brands Fashion & Lifestyle News

Aditya Birla Fashion And Retail Reports 94% Drop In Consolidated Net Profit

Aditya Birla Fashion and Retail (ABFRL) reported a 94 per cent drop in consolidated net profit of Rs 11.21 crore for the third quarter ended December 2022, compared to a net profit of Rs 196.80 crore in the previous fiscal’s October-December quarter, as per company’s regulatory filing.. However, its income from operations climbed by 20.1 […]

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