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In January 2021, Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy how much per cent stake in designer brand Sabyasachi for Rs 398 crore?

In January 2021, Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy how much per cent stake in designer brand Sabyasachi for Rs 398 crore? Correct Answer 51

The correct answer is 51%.

  • Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51% stake in designer brand Sabyasachi for Rs 398 crore.
  • Incorporated in 1990, Sabyasachi is Indias largest luxury designer brand.
  • The fashion brand reported Rs 274 crore revenue in the financial year 2019-20.
  • The deal is expected to be closed in late-February or mid-March.

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