Aditya Birla Fashion and Retail: Announcement under Regulation 30 (LODR)-Updates on Acquisition

This is in furtherance to our intimation w.r.t. the strategic partnership with the brand Tarun Tahiliani through a Composite Transaction by way of acquisition of:
a) 33.5% stake in Goodview Fashion Private Limited [GFPL] [formerly Goodview Properties Private Limited]
For its current couture business; and
b) 80% stake in Indivinity Clothing Retail Private Limited [ICRPL] an entity incorporated as part this partnership
For launch of a new line of affordable premium mens ethnic wear.
The Composite Transaction was subject to various customary closing conditions under the SPSA SHA and SSSA [as defined in said intimation].
Please be informed that today the Board of Directors of the Company have noted completion of the said conditions and approved effectiveness of the said acquisitions.
Consequently GFPL is an Associate [w.e.f. March 19 2021] and ICRPL is a Subsidiary of the Company [w.e.f. March 26 2021].