Private Equity

PE Fund Investments

Aditya Birla Fashion to sell minority stake to PE funds to raise Rs.2,300-Cr

Business Standard  

Aditya Birla Fashion and Retail is to sell a minority stake to private equity firms to raise INR 2,300 crore. The company will use the funds to grow its offline business. The Aditya Birla group currently owns 56% stake in the company. The promoters would continue to retain a majority stake.