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Which of the following has signed definitive agreements to acquire assets of Unlimited retail business from Arvind Lifestyle Brands Ltd (ALBL)?

Which of the following has signed definitive agreements to acquire assets of Unlimited retail business from Arvind Lifestyle Brands Ltd (ALBL)? Correct Answer V-Mart Retail Ltd

The correct answer is V-Mart Retail Ltd.

  • Value fashion retailer V-Mart Retail Ltd has signed definitive agreements to acquire assets of Unlimited retail business from Arvind Lifestyle Brands Ltd (ALBL).
  • V-Mart will acquire the assets of all stores, warehouses, inventory as well as the brand ‘Unlimited’ at their book value, with an estimated outlay of about ₹150 crores at closing.​
  • Unlimited operates a chain of 74 value fashion retail stores across south and west India and retails fashion apparel and accessories for men, women and children at affordable prices.

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