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(Source: Google) Aditya Birla bought 51% stake in fashion designer brand Sabyasachi for ₹ 398 crore |
Aditya Birla Fashion & Retail (ABFRL) has entered into a definitive agreement to acquire a 51% stake in designer brand Sabyasachi, the company said in a regulatory filing. The cost of acquisition of the stake in it would be ₹ 398 crores. "In the last two years of SEBI ... I started searching for the right partner to ensure ... long-term sustainable development," said founder Sabyasachi Mukherjee.
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