Aditya Birla Fashion Raises Stake in Tasva Venture Through US $18 Million Capital Infusion
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Aditya Birla Fashion Raises Stake in Tasva Venture Through US $18 Million Capital Infusion
Aditya Birla Fashion and Retail has announced that its subsidiary, Indivinity Clothing Retail Private Limited, has allotted 36.5 million equity shares to the company through a rights issue aggregating approximately Rs 175 crore (US $18.19 million). In a stock exchange filing, the company stated that following the allotment, Aditya Birla Fashion and Retail’s stake in […] The post Aditya Birla Fashion Raises Stake in Tasva Venture Through US $18 M…
Aditya Birla Fashion and Retail invests Rs 175 crore in Tasva parent company
New Delhi: Aditya Birla Fashion and Retail (ABFRL) has increased its stake in Indivinity Clothing Retail (ICRPL), the company behind men’s ethnic wear brand Tasva, following an investment of around Rs 175 crore through a rights issue. In a regulatory filing dated May 21, ABFRL said ICRPL allotted 3.65 crore equity shares to the company on May 20, 2026. Following the allotment, ABFRL’s shareholding in the subsidiary has increased from 85.54% to 8…
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