ABFRL acquires stake in Styleverse Lifestyle

ABFRL

24 October 2023, Mumbai

IN BRIEF

Aditya Birla Fashion and Retail (ABFRL) stock fell by 2% on October 23 after its subsidiary bought a 51% stake in Styleverse Lifestyle for Rs 155 crore.

The acquisition is seen as part of ABFRL's strategy to expand its digital presence.

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