M&A Critique
Aditya Birla Merges Grasim

Aditya Birla Group Strengthens Retail Business

In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has consolidated its branded apparels businesses under its listed subsidiary called Pantaloons Fashion & Retail Limited (PFRL).

The Boards of Directors of ABNL, PFRL and Madura Garments Lifestyle Retail Company Limited (MGLRCL) – a wholly owned subsidiary of ABNL have approved the consolidation of branded apparels businesses under PFRL, through a composite scheme of arrangement.

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M & A Critique