Aditya Birla Fashion Acquires 51% Stake In Tarun Tahiliani Brand Goodview Fashion

Aditya Birla Fashion and Retail Ltd. announced on Thursday that it has raised its stake in Tarun Tahiliani brand's parent company Goodview Fashion Pvt. from 33.5% currently to 51% for Rs 127 crore.

The company achieved this through a secondary acquisition of an additional 17.5% equity stake from Goodview Fashion's existing shareholders, according to an exchange filing.

Following the transaction, Goodview Fashion, which manufactures and sells ethnic couture under the Tarun Tahiliani brand, has become a subsidiary of the company effective from July 11, 2024.

Shares of Aditya Birla Fashion and Retail closed 0.31% lower at Rs 323.50 per share, compared to a 0.03% decline in the BSE.