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ABRFL board approves demerger of Madura to Aditya Birla Lifestyle Brands

Livemint

Livemint · 1y ago

ABRFL board approves demerger of Madura to Aditya Birla Lifestyle Brands

The board of directors of Aditya Birla Fashion and Retail Ltd (ABFRL) has approved the demerger of Madura Fashion & Lifestyle (MFL) business from ABFRL into a newly incorporated company named Aditya Birla Lifestyle Brands Ltd (ABLBL), which will be listed separately once the demerger is completed. This move aims to accelerate growth and value creation through two listed entities with a clear structure and capital allocation strategy. ABFRL plans to raise ₹2,500 crore in equity within 12 months of the demerger. The demerger will be implemented through an NCLT scheme of arrangement.

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Related News

Aditya Birla Fashion Shares Dips 66%, but Don’t Panic—It’s Just the Demerger Math

OutlookIndia

OutlookIndia · 3m ago

Aditya Birla Fashion Shares Dips 66%, but Don’t Panic—It’s Just the Demerger Math

Shares of Aditya Birla Fashion Retail fell over 66% due to adjusting for the demerger of its Madura Fashion and Lifestyle business into a new entity, Aditya Birla Lifestyle Brands. This steep decline is a technical adjustment reflecting the separation of the businesses. Shareholders will receive one share in Aditya Birla Lifestyle for every share held in Aditya Birla Fashion. The demerger is intended to reallocate debt and focus different brand portfolios under each entity.

ABFRL proposes demerger of Madura Fashion into separate listed entity

Livemint

Livemint · 1y ago

ABFRL proposes demerger of Madura Fashion into separate listed entity

Aditya Birla Fashion and Retail Ltd (ABFRL) is considering a vertical demerger of its Madura Fashion & Lifestyle business into a separate listed entity, according to an exchange filing. The move aims to create two independent companies with distinct capital structures and growth opportunities. The Madura Fashion & Lifestyle segment, comprising brands such as Louis Philippe and Van Heusen, will be demerged into a separate entity. Post-demerger, ABFRL will focus on high-growth segments such as branded and luxury apparel. The proposed demerger is subject to approvals and will be implemented through a scheme of arrangement.

Aditya Birla Fashion to raise $500 mn ahead of Madura Fashion demerger

VCCircle

VCCircle · 7m ago

Aditya Birla Fashion to raise $500 mn ahead of Madura Fashion demerger

Aditya Birla Fashion and Retail Ltd plans to raise $500 million through preference shares and qualified institutional placement ahead of demerging Madura Fashion. The board approved a $275 million preference share issue and a $225 million QIP. Promoters and Fidelity Investments will contribute. This capital will help reduce debt and support growth strategies. The demerger aims to create Aditya Birla Lifestyle Brands Ltd, enhancing operational independence for better growth. The process is expected to complete by this fiscal year's end.

Aditya Birla Fashion to list flagship lifestyle brands as separate entity

VCCircle

VCCircle · 1y ago

Aditya Birla Fashion to list flagship lifestyle brands as separate entity

Aditya Birla Fashion and Retail (ABFRL) has announced plans to separate its flagship lifestyle brands, collectively known as Madura Fashion & Lifestyle, into a separate listed entity. This decision comes as ABFRL has faced losses over the past three quarters due to weak demand and increased investments in certain brands. Madura Fashion consists of four lifestyle brands - Louis Phillippe, Van Heusen, Allen Solly, and Peter England - which contribute to over 70% of the company's total revenue. Following the demerger, ABFRL will focus on luxury and premium brands, as well as place emphasis on its Pantaloons brand.

Aditya Birla Fashion's potential debt burden keeps Kotak cautious over demerger

Money Control

Money Control · 1y ago

Aditya Birla Fashion's potential debt burden keeps Kotak cautious over demerger

Kotak Securities has cautioned about the demerger of Madura Fashion & Lifestyle from Aditya Birla Fashion and Retail, noting that the latter will be left with a significant debt burden of INR 2,500 crore. Kotak believes that the real value of Madura will only be unlocked once there is clarity on its capital allocation plans. The firm has maintained a target price of INR 220 for Aditya Birla Fashion shares, with a 'reduce' rating.

Spotlight: Designer labels turn showstopper on Aditya Birla Fashion’s growth runway

VCCircle

VCCircle · 10m ago

Spotlight: Designer labels turn showstopper on Aditya Birla Fashion’s growth runway

Aditya Birla Fashion and Retail Ltd., part of the Aditya Birla Group, made a significant move in 1999 by acquiring Madura Garments, which helped establish their leadership in the Indian ready-to-wear garment industry. Since then, they have successfully built a portfolio of designer labels, including Allen Solly, Van Heusen, and Peter England. Aditya Birla Fashion continues to grow and thrive by leveraging its strong brand presence and expanding its retail footprint.

Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN

Inc42 · 10m ago

Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN

Aditya Birla Digital Fashion Ventures has acquired a higher stake in the direct-to-consumer (D2C) fashion brand, WROGN, increasing its ownership from 17.10% to 32.84%. This move will help Aditya Birla Digital Fashion to expand its collection of digital-first brands and diversify its brand portfolio. The investment follows a previous acquisition by Aditya Birla Group's fashion and lifestyle arm, TMRW, which acquired a 16% stake in the parent company of WROGN.

Aditya Birla Group eyes major fashion statement, targets billion-dollar heft for four of its brands

Economic Times

Economic Times · 2m ago

Aditya Birla Group eyes major fashion statement, targets billion-dollar heft for four of its brands

Aditya Birla Group aims to transform its lifestyle brands—Louis Philippe, Van Heusen, Allen Solly, and Peter England—into billion-dollar labels within a decade, driven by changing consumer habits and increasing income levels. The company sees growth potential in the shift towards branded fashion in India's expanding $170 billion market. Originally focused on menswear, these brands now offer a diverse range of products, positioning Aditya Birla to compete globally by capitalizing on evolving market trends.

NCLT approves merger of TCNS Clothing into Aditya Birla Fashion and Retail

Livemint

Livemint · 1y ago

NCLT approves merger of TCNS Clothing into Aditya Birla Fashion and Retail

Aditya Birla Fashion and Retail Ltd (ABFRL) has received approval from the National Company Law Tribunal (NCLT) for its merger with TCNS Clothing. The merger involves TCNS Clothing Co. and Aditya Birla Fashion and Retail and their respective shareholders and creditors. ABFRL had acquired a majority stake in TCNS Clothing in May 2023. The company reported a consolidated net loss of ₹161 crore in Q1FY25, attributed to investments in digital-first fashion brands and losses in premium ethnic wear brands.

Hindalco ' board approves induction of Ananya, Aryaman Vikram Birla as directors

Money Control

Money Control · 1y ago

Hindalco ' board approves induction of Ananya, Aryaman Vikram Birla as directors

Hindalco Industries has announced the induction of Ananya Birla and Aryaman Vikram Birla as directors on its board. The company expects to benefit from their expertise in new-age insights and business acumen as it undergoes a transition towards a low-carbon future. Ananya and Aryaman were previously appointed as directors on the boards of Grasim Industries and Aditya Birla Fashion and Retail in 2023. The board has also inducted Anjani Kumar Agrawal and Sukanya Kripalu as independent directors, and Bharat Goenka as the chief financial officer (Designate).

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