Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resources and greater economies of scale, following approval by the National...
Aditya Birla Group company buys KA Hospitality
Aditya Birla Group’s hospitality arm, Aditya Birla New Age Hospitality (ABNAH) has acquired a 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise...
Aditya Birla Group leads race to add W owner to cart
Aditya Birla Fashion is now the frontrunner to acquire TCNS Clothing Co, owner of the listed women’s branded apparel retailer that owns brands such as W, Elleven and Aurelia, pulling ahead of Nykaa in what has...
Aditya Birla Group’s Birla Carbon announces global restructuring plan
Aditya Birla Group’s carbon black manufacturing arm, Birla Carbon has announced global restructuring plans in order to focus on market driven innovation, and leverage its global capabilities, the U.S. based company said...
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
The Aditya Birla Group will not be denied bank funds or be barred from bidding for insolvent companies if Vodafone Idea were to default and enter bankruptcy proceedings as there were no corporate or promoter guarantees...
Aditya Birla Group expects Aleris deal to close by 21 January
Aditya Birla Group’s Novelis Inc., which is facing an anti-trust lawsuit in the US over its acquisition of Aleris Corp., expects to close the deal by 21 January—the outside date under the original merger agreement, said...
Aditya Birla Group in talks to buy out IL&FS’s education arm
The Aditya Birla Group is in talks with struggling infrastructure financier Infrastructure Leasing and Financial Services Ltd (IL&FS) to buy out its education and training arm, IL&FS Education and Technology...
Amazon, Samara buy Aditya Birla Group retail chain for Rs 42 bn: Report
Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group-owned ‘More’ retail chain for an enterprise value of Rs 42 billion ($580.35 million), CNBC TV18 reported on...
Samara Capital in talks to buy Aditya Birla Group’s More for Rs 2,500 crore
Samara Capital is in advanced talks to buy Aditya Birla Retail’s (ABRL) supermarket chain More for about Rs 2,500 crore, people with knowledge of the development told ET. The private equity firm has almost completed its...
Post QIP, Aditya Birla Group needs to buy 4.9% from Vodafone in merged entity
There will be no change in Idea Cellular’s merger terms with UK’s Vodafone as the Aditya Birla Group (ABG) stake has shrunk back to 42.56% from 47.2% after the Kumar Birla-led telco raised Rs 3,500 crore through...
Aditya Birla Group in talks to raise $1 bn for Idea Cellular
The Aditya Birla Group is in talks with buyout firms to sell stakes in promoter entities that control Idea Cellular Ltd to raise more than $1 billion, part of which will be used to pay down regulatory dues of the...
Aditya Birla Group benefited more due to merger with Vodafone: IiAS
The recent merger between Idea and Vodafone has not benefited the latter as much as the AVBirla group, according to Institutional Investor Advisory Services India Limited (IiAS), a leading proxy advisory firm. The deal...