Aditya Birla Fashion invests INR 1.75 billion in arm via rights issue
This story was originally published at 11:17 IST on 21 May 2026
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--Aditya Birla Fashion invests INR 1.75 bln in arm via rights issue
MUMBAI – Aditya Birla Fashion and Retail Ltd. Thursday said it has invested around INR 1.75 billion in its subsidiary, Indivinity Clothing Retail Pvt. Ltd., by subscribing to 36.52 million shares of the latter through a rights issue. With this fresh investment, Aditya Birla Fashion's stake in Indivinity Clothing will increase to 89.29% from 85.54%, it said in an exchange filing.
Indivinity Clothing proposes to use the investment to fund its growth and business operations. The subsidiary runs a bespoke ethnic-wear business selling occasion and ceremonial contemporary apparel for men under the brand name "Tasva".
For the December quarter on a consolidated basis, Aditya Birla Fashion had posted a net loss of INR 1.52 billion on revenue of INR 23.74 billion. At 1106 IST, its shares were at INR 63.80 on the National Stock Exchange, up over 2% from Wednesday. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ruchira Kagita
Edited by Rajeev Pai
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