Aditya Birla Fashion to acquire 51% stake in brand Masaba, aims Rs 500 cr revenue in next 5 years

Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51% majority stake in the popular and contemporary brand “Masaba” promoted by leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a “binding term sheet” agreement to acquire a 51% stake … Read more

India’s Aditya Birla Fashion to buy 51% stake in House of Masaba

Adds background, details about the deal BENGALURU, January 14 (Reuters) – Aditya Birla Fashion and Retail (ABFRL) of India ADD.NS said Friday that it will purchase a 51% stake in House of Masaba Lifestyle for approximately Rs. 900 million ($ 12.14 million) as it seeks to strengthen its presence in the fast-growing segment. Major Indian … Read more