Aditya Birla Fashion and Retail increases stake in Indivinity Clothing to 89.29%

Business Desk — Thu, 21 May 2026 04:57:31 +0000

Aditya Birla Fashion and Retail has increased its stake in its subsidiary, Indivinity Clothing Retail Private Limited (ICRPL), from 85.54% to 89.29% through a rights issue. The company acquired 3,65,19,197 equity shares for a total consideration of approximately ₹175 crore.

ICRPL, which operates in the apparel and accessories industry, specialises in bespoke ethnic wear for men under the brand name ‘Tasva’. The company aims to utilise the capital raised to support its growth and business operations.

The acquisition does not fall within the ambit of related party transactions, despite ICRPL being a related party. No governmental or regulatory approvals were required for this transaction, which has already been completed through a cash consideration via normal banking channels.

ICRPL was incorporated on March 3, 2021, and has shown significant growth over the past three years. The company’s turnover was ₹144.24 crore for the financial year ending March 31, 2025, up from ₹100.06 crore in 2024 and ₹49.29 crore in 2023.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Rajeev Agrawal | Business Upturn

Aditya Birla Fashion and Retail increases stake in Indivinity Clothing to 89.29%