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ABFRL SHARES SALE
Morgan Stanley initiates coverage on newly-listed Birla stock, upgrades anotherMorgan Stanley is optimistic about Aditya Birla Group's retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) w...
Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 croreThis comes at a time when the broader market is rebounding, following a steep fall at the start of the year. The recent recovery is witness...
Aditya Birla Fashion to raise $500m via QIP, preferential issueAditya Birla Fashion and Retail will raise $500 million through a mix of preferential issuance and QIP to reduce debt and boost growth. Adi...
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoYAditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The co...
ABFRL to raise Rs 2500 crore after dermerging Madura business into new separate listed entity Aditya Birla Lifestyle BrandsABFRL plans to raise Rs 2500 crore by splitting its retail business, creating ABLBL with brands like Louis Phillippe, Peter England, and Sa...
Aditya Birla Fashion acquires 51% stake in TCNS Clothing, becomes promoterAs per the deal, it acquired TCNS Clothing's founding promoter's stake through an SPA (Share Purchase Agreement), followed by an open offer.
TCNS Clothing shares crash 19% as Aditya Birla Fashion to acquire majority stakeAditya Birla Fashion & Retail's acquisition of a 51% stake in TCNS Clothing has led to a 19% drop in the latter's stocks. ABFRL aims to acq...
Aditya Birla Fashion to raise up to ₹800 crore for TCNS acquisition"For funding, we probably need about ₹700 to 800 crore through external debt, which we will have to raise... The remaining ₹800 crore will ...
Aditya Birla Fashion to acquire 51% stake in TCNS Clothing for Rs 1,650 crAs part of the transaction, ABFRL will make a conditional open offer to acquire up to 29% stake at Rs 503 per share from public shareholder...
ABFRL Q2 Results: Net profit jumps five-fold to Rs 29.44 crore; revenue 50% higher at Rs 3,074.61 crore"Robust Like-to-Like and consistent e-commerce performance have been key drivers of growth in the quarter. The period also saw an increase ...
Deciphering Aditya Birla Fashion’s growth plansThe Aditya Birla company is working on improving the profitability of the core businesses — Lifestyle and Pantaloon.
Birla venture gets Tahiliani, Sabyasachi to do up its growth plansA big trigger for the stock, of late, has been a substantial improvement in the company’s operating cash flow.
Aditya Birla Fashion's long-term outlook will improve: Why it is this week's stock pickThough Covid-induced short-term woes will continue, long-term outlook will improve after Flipkart deal. The capital infusion will help ABFR...
Flipkart notifies CCI of proposed deal with Aditya Birla Fashion and RetailEarlier in October, ABFRL and Flipkart had announced that they had entered into an agreement for the stake sale on a fully-diluted basis by...
ABFRL sheds 4% on alleged FDI violation in Flipkart dealThe Confederation of All India Traders (CAIT) wrote to Commerce Minister Piyush Goyal in this regard urging him to prohibit ABFRL from dire...
Buy Aditya Birla Fashion, target price Rs 180: Motilal OswalThe brokerage believes this significant correction provides a strong entry opportunity in the ABFRL stock .
Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & NikhiFinesse sells ethnic apparel, footwear and accessories, with annual sales of Rs 35 crore.
Aditya Birla Fashion to acquire Forever 21 in India for $26 mnForever 21 is among the fastest growing fashion retailers in the world with more than 700 stores worldwide. Its India operations reported a...
Aditya Birla Fashion & Retail posts Rs 109 crore loss for Q4Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, today reported a net loss of Rs 109.82 crore on standalone b...
Pantaloon Fashion Retail a better bet than AB Nuvo for investorsStrong cash flows from Madura and other apparel brands will help Pantaloon’s business to grow which is struggling with cash flows for growt...