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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.

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.

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.

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.

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 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.

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 fashion raises stake in Tarun Tahilani brand for for Rs 127 Cr

YourStory

YourStory · 1y ago

Aditya Birla Fashion and Retail Ltd has increased its stake in Goodview Fashion Pvt Ltd by 17.5%, acquiring a majority stake of 51% for Rs 127.42 crore. Goodview Fashion, which owns the ethnic fashion brand Tarun Tahiliani, has now become a subsidiary of Aditya Birla. The acquisition was made through a secondary acquisition from existing shareholders, and no regulatory approvals were required. Goodview Fashion reported a revenue of Rs 148 crore in the last fiscal year. In a separate development, Aditya Birla Group recently announced a $50 million investment in a manufacturing and R&D centre in Texas.

ABFRL posts net loss at Rs 214.7 Cr in Sep qtr

YourStory

YourStory · 9m ago

ABFRL posts net loss at Rs 214.7 Cr in Sep qtr

Aditya Birla Fashion and Retail Ltd reported a net loss of INR 214.70 crore in the September 2024 quarter, compared to INR 200.34 crore in the same period last year. The company's revenue from operations increased to INR 3,643.86 crore from INR 3,226.44 crore. The loss was attributed to higher depreciation and interest costs. The company saw growth in newer businesses, while its established brands continued to grow with improved profitability. ABFRL recently announced the de-merger of its Madura business into a separate entity named ABLBL.

Aditya Birla Finance to raise $150 mn in funding

VCCircle

VCCircle · 5m ago

Aditya Birla Finance to raise $150 mn in funding

Aditya Birla Finance plans to raise $150 million to support lending in the renewable energy and e-mobility sectors in India. As a subsidiary of Aditya Birla Capital, the company offers various financial services, including project and corporate loans. This funding aims to strengthen their financial capabilities and foster growth in sustainable projects and technology adoption across the country, aligning with environmental and e-mobility advancements.

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