ALFA Filings
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ABFRL subsidiary Sabyasachi India Ltd incorporated Sabyasachi Retail FZ-LLC in Ras Al Khaimah, UAE. The step-down subsidiary will deal in designer apparels, jewellery and accessories.
Aditya Birla Fashion and Retail's subsidiary increased its stake in Pratyaya E-Commerce by 6.21%. The acquisition follows pre-defined milestones under an existing shareholders' agreement.
Aditya Birla Fashion and Retail will invest Rs. 5.10 crore to acquire a 51% stake in Sabyasachi India Limited, newly incorporated to house Sabyasachi Calcutta LLP's business.