ABFRL completes full acquisition of Imperial Online Services
after close1 source ↓written by the desknot a recommendation
- in Imperial Online
- 15.62% stake
- achieving
- 100% ownership
Aditya Birla Fashion and Retail Limited (ABFRL) has acquired the remaining 15.62% stake in Imperial Online Services, achieving 100% ownership. The deal, executed through its subsidiary Aditya Birla Digital Fashion Ventures Limited, aligns with a prior agreement from July 2022. This acquisition strengthens ABFRL's position in the fashion sector, enhancing its portfolio in apparel and accessories.
The move may boost investor confidence in ABFRL as it consolidates its market presence in the competitive fashion industry.
Not investment advice. For informational purposes only.