Aditya Birla Fashion and Retail Ltd increases stake in Indivinity Clothing Retail Pvt Ltd

Indivinity Clothing Retail Private Limited ("ICRPL"), a subsidiary of Aditya Birla Fashion and Retail Limited, has allotted 2,26,09,088 equity shares for a total consideration aggregating to ~₹ 100 crore to the Company on Thursday, May 9, 2024 ("said allotment").

Pursuant to the said allotment the holding of the Company in ICRPL will increase from 80% to 85.54%.

Incorporated in year March 3, 2021, ICRPL runs bespoke ethnic wear business selling occasion and ceremonial contemporary apparel for men and women under the brand name "Tasva".

Shares of Aditya Birla Fashion and Retail Limited was last trading in BSE at Rs. 252.95 as compared to the previous close of Rs. 253.20. The total number of shares traded during the day was 235077 in over 4051 trades.

The stock hit an intraday high of Rs. 256.00 and intraday low of 249.00. The net turnover during the day was Rs. 59391932.00.

Source : Equity Bulls

Keywords

AdityaBirlaFashionandRetail INE647O01011 ABFRL Investment IndivinityClothingRetail