Aditya Birla Fashion and Retail has informed that Aditya Birla Digital Fashion Ventures (ABDFVL), a wholly owned subsidiary of the Company, has executed a Binding Offer Letter (‘BL’) with Universal Sportsbiz (‘USPL’) on June 18, 2024, for a minority investment with an option for a path to majority stake acquisition in USPL, comprising of manufacturing and distribution of fashion apparels, footwear and accessories, under the brand 'Wrogn' (‘Proposed Investment’). The Proposed Investment is subject to completion of due diligence, customary closing formalities and statutory & regulatory approvals, as applicable. Brief details in accordance with the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 are annexed as Annexure A.
