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Aditya Birla Fashion buys 51% stake in designer brand Sabyasachi for ₹398 cr
short by Rishabh Bhatnagar / on Wednesday, 27 January, 2021
Aditya Birla Fashion and Retail (ABFRL) has entered a definitive agreement to acquire 51% stake in designer brand Sabyasachi, the company said in a regulatory filing. The cost of acquisition of the stake would be ₹398 crore, it added. "Over...the last couple of years...I began searching for the right partner in order to ensure...long-term sustainable growth," Founder Sabyasachi Mukherjee said.
read more at BloombergQuint