ABFRL acquires 51% in Sabyasachi couture

Aditya Birla Fashion and Retail (ABFRL) acquired a 51 per cent stake in luxury designer brand-Sabyasachi Couture for Rs 398 crore.

The transaction was monitored by Khaitan & Co alongwith ABFRL’s core team comprising partners Arindam Sarkar and Suhana Islam Murshedd, and Shourya Sengupta, Principal Associate and Sneh Lata, Senior Associate with assistance from its due diligence team, Riya Dutta, Senior Associate and associate Anwesha Sinha.

ABFRL is a part of the Aditya Birla Group, a US$ 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.