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Aditya Birla Fashion And Retail Ltd - Announcement under Regulation 30 (LODR)-Acquisition

| Updated on July 15, 2019 Published on July 15, 2019

Dear Sir/ Madam,

The ABFRL Acquisition Committee of the Company has, today, approved a strategic partnership with Indias leading designers Shantanu & Nikhil by way of acquisition of 51% stake in Finesse International Design Private Limited (Finesse), a company primarily engaged in the business of bespoke occasion and ceremonial contemporary apparel for men and women under the brand name Shantanu & Nikhil.

The said acquisition will be through a combination of primary equity infusion and secondary share purchase by way of signing of Share Subscription and Purchase Agreement and Shareholders Agreement with Finesse and its shareholders. The completion of proposed acquisition is subject to necessary approvals and customary closing conditions.

A press release with detailed information is enclosed herewith.

Pdf Link: Aditya Birla Fashion And Retail Ltd - Announcement under Regulation 30 (LODR)-Acquisition

Source : BSE - www.bseindia.com

Published on July 15, 2019
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