Aditya Birla Fashion and Retail Increases Stake in Subsidiary Indivinity Clothing Retail
Aditya Birla Fashion and Retail Limited (ABFRL) has increased its holding in its subsidiary, Indivinity Clothing Retail Private Limited (ICRPL), through the allotment of additional equity shares. The transaction involved ICRPL allotting 3,65,19,197 equity shares to the Company via a rights issue, with the total consideration aggregating to approximately ₹ 175 crore.The investment significantly strengthened ABFRL's stake in the fashion entity. Following the allotment, the Company's holding in ICRPL is set to rise from 85.54% to 89.29%.
ICRPL, which operates in the apparel and accessories sector, runs a bespoke ethnic wear business, focusing on occasion and ceremonial contemporary apparel for men under the brand name 'Tasva'.
The rights issue was aimed at supporting ICRPL’s fund requirements for growth and overall business operations, with the parent entities providing the capital support.
Financial Snapshot of ICRPL
The Company's subsidiary, ICRPL, was incorporated on March 3, 2021. The unit provides bespoke ethnic wear, and its financial history reflects steady growth.For a clear view of ICRPL's performance, the historical turnover figures are as follows:
| Period | Turnover (₹ crore) |
|---|---|
| March 31, 2025 | 144.24 |
| March 31, 2024 | 100.06 |
| March 31, 2023 | 49.29 |
As per the audited financial statements for the Financial Year 2024-25, ICRPL reported a turnover of ₹ 144.24 crore and maintained a total paid up share capital of ₹ 104.34 crore.
The acquisition involved a cash consideration paid through a normal banking channel, with the cost of acquisition recorded at approximately ₹ 175 crore. This capital injection further solidifies ABFRL's involvement with the subsidiary.
ABFRL Stock Price Movement
Shares of Aditya Birla Fashion and Retail Limited are edging higher to ₹64.16 as of 10:29 AM today, having gained 2.61% in live trading. The stock remains active within the day’s range of ₹62.80 to ₹64.25, bolstered by trading volume reaching 1.42 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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