The total Aditya Birla Group shareholding in Vodafone Idea (VIL) remains the same at 15.01 per cent, while the total promoter and promoter group shareholding in VIL remains the same at 38.17 per cent.
Sabyasachi: Fashion’s crouching tiger, hidden dragon
Namrata Zakaria
Small
The biggest acquisition of an Indian fashion brand between ABFRL and designer Sabyasachi – decoded
Just a couple of years ago, Sabyasachi told me about a lady who came up to him at Bhubaneswar airport and touched his feet. She said her husband came into great wealth copying the designer’s fashions and so she had also placed his photograph with her assortment of deities at the temple in her home. This story is a great signifier of the might the designer wields in the fashion (and, by extension, apparel) business. Hopefully, this story was also a consideration when the Aditya Birla Fashion and Retail Limited (ABFRL) group announced they were acquiring 51 per cent stake in his business for Rs 398 crore.