Aditya Birla Fashion And Retail

Revenue performance was led by lifestyle brands which grew 18 per cent with 5 per cent like-to-like growth

According to the technical analyst from Anand Rathi, ABFRL can rally to Rs 285, while EaseMyTrip can jump to Rs 60.

On the daily scale, Bajaj Finance is witnessing a fresh breakout which indicates a short term reversal

Ananya Birla is a business woman and platinum selling artist. She founded her first company, Svatantra Microfin at the age of 17 which is amongst India's fastest growing MFI's

Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs 500 crore through issuance of bonds on private placement basis. "The company proposed to raise funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh each, issued at par aggregating to Rs 500 crore on private placement basis, on or after January 13, 2023," the Aditya Birla group firm said in a regulatory filing on Friday. This is within the limits approved by the board and shareholders of the company, it added. ABFRL, part of the USD 60 billion global conglomerate, Aditya Birla Group is India's largest multi-brand retailer of International global brands such as Ralph Lauren, Hackett, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok. The company portfolio also includes fashion brands -- Louis Philippe, Van Heusen, Allen Solly and Peter England -- and fashion retailer Pantaloons.

With these eight brands on board, TMRW has achieved a revenue run-rate of over Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months

Flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter

ABFRL is aggressively expanding its network across brands with Pantaloons adding 21 outlets on a net basis and the branded business taking the store count up by 85

Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday said market regulator SEBI has granted it exemption over lisiting of shares worth Rs 2,195 crore alloted to Caladium Investment Pte Ltd, a foreign portfolio investor. Based on the in-principle approval received from the stock exchanges, the Aditya Birla Group firm had made an application to the stock exchanges who approached SEBI and sought an exemption under Rule 19(7) of the SCRR from Rule 19(2)(b), in relation to the proposed listing of warrants pursuant to the preferential issue of the Company. "In this regard, we wish to inform you that SEBI vide its letter dated September 7, 2022 to the Stock Exchanges that it has granted relaxation to the Company from applicability of Rule 19(2)(b) of the SCRR for Preferential Issue of listed warrants," it said Under rule 19(2) (b) of SCRR, exemptions are granted to listed companies from making public issue for listing of securities different from the existing listed ...

Aditya Birla Fashion and Retail Ltd (ABFRL) is confident of fortifying its market position further and surpassing the projected revenue of Rs 21,000 crore by 2026, said its chairman Kumar Mangalam Birla on Monday. ABFRL is leveraging technology and its execution excellence to build a strong, profitable and future-ready brand portfolio, Birla told shareholders at the 15th annual general meeting of the company. "We had projected a revenue of Rs 21,000 crore for the year 2026 during our annual investor day held in March 2021. I am very confident that we will be able to surpass that target and set even higher milestones for the business going forward," he said. For the financial year ended on March 31, 2022, ABFRL's revenue stood at Rs 8,136 crore, recording a growth of 55 per cent. "The strong revenue recovery resulted in improved profitability over the previous year. Several initiatives encompassing cost management, supply chain optimisation and smart procurement were taken up by the

The Competition Commission of India (CCI) on Tuesday said it has cleared the proposed acquisition of a minority stake in Aditya Birla Fashion and Retail Ltd by Caladium Investments, an affiliate of Singapore-based sovereign wealth fund GIC. The proposed transaction relates to the acquisition of a 7.49 per cent stake in Aditya Birla Fashion and Retail Ltd on a fully diluted basis by Caladium Investment Pte. Ltd by way of preferential issuance of equity and warrants. In a tweet, the CCI said it has approved the "acquisition of approximately 7.49% shareholding in Aditya Birla Fashion and Retail Limited on a fully diluted basis by Caladium Investment Pte. Ltd (GIC Investor) by way of preferential issuance of equity and warrants". In May, Aditya Birla Fashion and Retail Ltd (ABFRL) announced that it will raise up to Rs 2,195 crore from Caladium Investments, a GIC investor. ABFRL is engaged in the business of manufacturing and retailing branded apparels while GIC is a leading investment

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

'The Indian economy is headed towards a steady recovery and as the vaccination drives progress, consumers are expected to get back to shopping with renewed confidence'

Covid has been a game changer for the fashion industry and the ripples of its after-effects can be seen with many designers struggling to stay afloat

Brokerages have mixed views about company raising funds, citing equity dilution and capital allocation risk.

Post investment, GIC Singapore will own approximately 7.5% equity stake in Aditya Birla Fashion and Retail

On Monday, the stock closed flat at Rs 273 a share, thus, giving a total market valuation of Rs 25,618 crore to the company

Accenture will design, develop, and deploy an ERP system based on SAP S/4HANA to streamline business processes, improve visibility and accessibility of data across ABFRL

The system will be designed to enhance customer service by combining ABFRL's manufacturing and retail functions into a digital core for fashion and vertical business, it said