Aditya Birla Fashion to raise ₹2,195 crore from GIC
GIC will own around 7.5% equity stake in ABFRL after the investment.
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May 2022
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Aditya Birla Group bets big on ethnic wear
ABFRL’s fourth deal in the Indian ethnic wear space was a minority stake in Tarun Tahiliani’s label. Its growing portfolio in the space signals its ambition, but the real work has just started.
Aditya Birla Group’s couture play
After acquiring 51% in Sabyasachi Mukherjee’s fashion house, Kumar Mangalam Birla-led ABFRL has picked up a 33.5% stake in Tarun Tahiliani’s couture label.
The showstopper deal
Sabyasachi Mukherjee has made it to the top of the couture sweepstakes. And now, with a new partner in Kumar Mangalam Birla-led ABFRL, the designer aims to expand his brand to the larger mass market.
