Aditya Birla Fashion has informed that the Board of Directors at its meeting held today, noted completion of the closing conditions under the Framework Agreement and approved acquisition of 51% stake of Sabyasachi Couture (now Sabyasachi Calcutta LLP). Consequent to the above investment, the Company will hold 51% stake in Sabyasachi Calcutta LLP entity.
The above information is a part of company’s filings submitted to BSE.