Singapore's GIC in discussion to acquire stake in Aditya Birla Fashion
Mon, May 23, 2022 12:50 PM

Singapore's GIC in discussion to acquire stake in Aditya Birla Fashion

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Singapore's GIC sovereign wealth fund is in discussion to acquire worth $300 million or about Rs 2,330 crore stake in Aditya Birla Fashion & Retail (ABFRL). The funds secured by the acquisition will be deployed towards growth as the retail sector bounces back after the pandemic. To boost its fashion portfolio, ABFRL has been acquiring premium labels over the last two years.

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