Aditya Birla Fashion and Retail (ABFRL) has acquired an additional 7.69 per cent stake in Finesee, a company involved in managing the business of brand Shantanu & Nikhil. ABFRL earlier owned 51 per cent stake in the ethnic wear company.
Its recent acquisition has increased total stake in Finesse to 58.69 per cent. Incorporated in 2007, Finesse International Design runs bespoke ethnic wear business selling occasion and ceremonial contemporary apparel for men and women under the brand name "Shantanu & Nikhil" and "SN by Shantanu & Nikhil" through a cluster of eight stores. It is an unlisted private company located in Delhi.
Its authorized share capital is Rs 1.50 crore and the total paid-up capital is Rs 1.24 crore.
ABFRL is a part of the Aditya Birla Group, a $ 48.3 billion Indian multinational, in the league of Fortune 500. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.
