Madura Fashion business, consisting of brands such as Louis Phillippe, Van Heusen, Allen Solly & Peter England, Reebok, and others will be demerged into a separate listed entity.
Popular designers collaborate with India Inc. for scale and expansion.
ABFRL will make an open offer to acquire up to 29% stake at ₹503 per share from public shareholders and the remaining stake from the founder promoters of TCNS.
Aditya Birla Group subsidiary TMRW will acquire 73-80% stake in Bewakoof.
GIC will own around 7.5% equity stake in ABFRL after the investment.
