ABFRL To Split Fashion Business, Madura Fashion To Become Independent Company
Aditya Birla Fashion and Retail (ABFRL) has stated its plans to evaluate the vertical demerger of its Madura Fashion & Lifestyle business into a separately listed company. This move aims to create two distinct entities with separate capital structures, allowing for parallel value-creation opportunities. “The Board of Directors of Aditya Birla Fashion and Retail Ltd. […]