Aditya Birla Fashion and Retail’s wholly owned subsidiary -- Aditya Birla Digital Fashion Ventures (TMRW) has acquired an additional 10.02% equity shareholding in Bewakoof. Following the acquisition, TMRW’s shareholding in Bewakoof has increased from 89.01% to 99.03%.
The above transaction is part of the terms of the Share Subscription and Shareholders’ Agreement dated March 22, 2023, with predefined milestones for increase in stake of TMRW in Bewakoof through stake purchase/secondary transaction.
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.
