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An announcement from Aditya Birla Fashion and Retail Limited ( (IN:ABFRL) ) is now available.
Aditya Birla Fashion and Retail Limited, through its subsidiary Aditya Birla Digital Fashion Ventures Limited, has entered into agreements with ServiceNow Ventures Holdings, Inc. for a proposed investment of up to INR 437 Crore. This investment involves the issuance of non-cumulative, participating compulsorily convertible preference shares, subject to customary closing conditions and regulatory approvals. This strategic move is expected to enhance the company’s digital capabilities and strengthen its market position.
More about Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited operates in the fashion and retail industry, focusing on offering a wide range of apparel and accessories. The company is a prominent player in the Indian market, catering to diverse consumer segments with its extensive portfolio of brands.
Average Trading Volume: 1,296,786
Technical Sentiment Signal: Sell
Current Market Cap: 89.96B INR
Find detailed analytics on ABFRL stock on TipRanks’ Stock Analysis page.