Aditya Birla Fashion and Retail Limited has informed the Exchange about acquisition of additional shares in Indivinity Clothing Retail Private Limited.
ABFRL · price
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Aditya Birla Fashion and Retail Limited has increased its stake in subsidiary Indivinity Clothing Retail Private Limited (ICRPL) from 85.54% to 89.29% through a rights issue. The company acquired 3,65,19,197 equity shares for approximately ₹175 crore in cash. ICRPL operates the ethnic wear brand 'Tasva' selling occasion and ceremonial contemporary apparel for men. The subsidiary's turnover grew from ₹49.29 crore in FY 2023 to ₹144.24 crore in FY 2025, showing strong growth. The acquisition has been completed and no regulatory approvals were required.
This strategic stake increase strengthens ABFRL's hold on its ethnic wear business. The Tasva brand shows strong revenue growth trajectory. No impact on the parent company's share count since this is a subsidiary stake purchase.