MoneyWorks4Me

Future Lifestyle Fashions to sell entire holding of 25.8% in Biba Apparels

01 Oct 2013 Evaluate

Future Lifestyle Fashions has executed definitive documents for sale of its entire holding of 25.8% in Biba Apparels. The company has taken this step as part of its strategy to look for opportunity to make divestments of investments which provide appropriate valuation.

Future Lifestyle Fashions has been formed through the demerger of the lifestyle fashion businesses of Future Retail (formerly Pantaloon Retail (India)) and Future Ventures India. It has a strong portfolio of owned and licensed brands and has established retail presence pan-India.

Peers
Company Name CMP
Avenue Supermarts 3342.00
Trent 2958.00
Vishal Mega Mart 95.90
PN Gadgil Jewellers 601.55
Aditya Birla Life 72.80
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