Aditya Birla Fashion and Retail Ltd increases stake in Finesse International Design Pvt Ltd

Finesse International Design Private Limited ("FIDPL"), a subsidiary of Aditya Birla Fashion and Retail Limited, has today allotted 1,93,964 equity shares for a total consideration aggregating to ~₹20 crore to the Company. Pursuant to this, the holding of the Company in FIDPL has increased from 58.69% to 63.50% of equity share capital of FIDPL.

Incorporated in year 2007 and runs bespoke ethnic wear business selling occasion and ceremonial contemporary apparel for men and women under the brand name "Shantanu & Nikhil" and "S&N by Shantanu & Nikhil".

Shares of Aditya Birla Fashion and Retail Limited was last trading in BSE at Rs. 220.00 as compared to the previous close of Rs. 220.00. The total number of shares traded during the day was 53310 in over 932 trades.

The stock hit an intraday high of Rs. 221.95 and intraday low of 218.50. The net turnover during the day was Rs. 11730290.00.

Source : Equity Bulls

Keywords

AdityaBirlaFashionandRetail INE647O01011 ABFRL StakeIncrease FinesseInternationalDesign