Aditya Birla Fashion and Retail has acquired further stake in Finesse International Design. Finesse International Design (FIDPL), a subsidiary of the Company, has allotted 1,93,964 equity shares for a total consideration aggregating to around Rs 20 crore to the Company. Pursuant to this, the holding of the Company in FIDPL has increased from 58.69% to 63.50% of equity share capital of FIDPL.
Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.
