Latest news with #AdityaBirlaFashion&Retail
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: JSW Energy, Praj Inds, CEAT, Zaggle Prepaid Ocean Services
Securities in F&O Ban: Manappuram Finance, Aditya Birla Fashion & Retail (ABFRL) and Chambal Fertilisers & Chemicals shares are banned from F&O trading on 6 June 2025. Stocks to Watch: JSW Energy has commissioned 281 MW of organic renewable energy capacity with solar capacity of 215 MW and wind capacity of 66 MW, taking the current installed capacity to 12,499 MW. Praj Industries has signed an agreement with Paraguay-based Enersur to assess, develop, and implement a fully integrated biorefinery project in Paraguay in a phased manner. The biorefinery aims to produce ethanol along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, biobitumen, and sustainable aviation fuel (SAF). CEATs board is scheduled to meet on 10 June 2025, to consider raising funds up to Rs 500 crore through issuance of non- convertible debentures (NCDs) on a private placement basis. Medplus Health Services subsidiary, Optival Health Solutions has received one suspension order for a drug license for store situated at Maharashtra. Zaggle Prepaid Ocean Services has agreed to acquire 100% stake in Greenedge Enterprises for total consideration of Rs 27 crore. The mode of acquisition (cash consideration / shares swap) will be determined by the Board at a later stage. Brigade Enterprises wholly owned subsidiary, Brigade Tetrarch Private has incorporated a limited liability partnership (LLP) named Auraterra Developers LLP, with an initial capital contribution of Rs 99,990. The said LLP will take up development of real estate projects.
News18
4 days ago
- Business
- News18
ABFRL Shares Plunge 8% As 20 Lakh Shares Trade Hands; Flipkart Likely Seller
Last Updated: Shares of Aditya Birla Fashion & Retail (ABFRL) fell 8% to Rs 80 on June 4 as about 20 lakh shares changed hands via block deal ABFRL Shares In Focus ABFRL Share Price: Shares of Aditya Birla Fashion & Retail (ABFRL) fell 8% to Rs 80 on June 4 as about 20 lakh shares changed hands during the pre-open block deal window. Reports indicate that Walmart-owned Flipkart is planning to divest its entire 6% stake in ABFRL through a block deal valued at nearly Rs 600 crore. Goldman Sachs is said to be brokering the transaction. Flipkart Investments is registered as a Category II foreign portfolio investor in India. The stake sale aligns with Flipkart's broader portfolio reshuffling strategy, reflecting shifting priorities in India's dynamic retail sector. In its March quarter results, ABFRL reported a consolidated net loss of Rs 23.55 crore, significantly narrower than the Rs 266.36 crore loss in the same period last year. Revenue from operations rose to Rs 1,719.48 crore from Rs 1,575.12 crore a year ago, while total expenses came in at Rs 1,959.53 crore. The company's EBITDA jumped nearly sixfold to Rs 205 crore from Rs 35 crore in the year-ago period, driven by strong margin improvements in its Pantaloons and ethnic wear segments. EBITDA margin expanded to 12% in Q4FY25, up from 2.2% last year. As a major player in India's fashion retail landscape, ABFRL's portfolio includes well-known brands like Pantaloons, Allen Solly, and various domestic and international labels. Its performance is often seen as a bellwether for the broader retail and apparel market in India. First Published:
Time of India
4 days ago
- Business
- Time of India
Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal
Flipkart is understood to have sold its entire 6% stake in ABFRL, the owner of Pantaloons, through a bulk deal worth Rs 582 crore on Wednesday. Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Walmart-owned Flipkart on Wednesday is understood to have sold its entire 6% stake in Pantaloons owner Aditya Birla Fashion & Retail (ABFRL) in a Rs 582 crore bulk deal this morning. The Birla Group stock fell 9% to the day's low at Rs 78.30 on BSE following the Investments Private Limited had offered to sell its entire 73.17 million shares, amounting to 6% stake in ABFRL at a floor price of Rs 79.50 per share, which is at a 7.6% discount to the last closing share price, according to the term sheet. Goldman Sachs is the sole bookrunner in this deal. Market sources confirmed that the deal was closed this deal amount is likely to be around Rs 582 the last few weeks, the market rebound has been marked by paring of stakes by promoters, PE and other large Database shows that in May alone, promoters and other large investors sold shares worth around Rs 43,400 crore. ABFRL shares have been underperforming and have fallen around 11% in the last one year. The company had recently demerged the Madura Fashion & Lifestyle business into a separate listed entity - Aditya Birla Lifestyle Brands Limited (ABLBL).ABLBL will house prominent brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, Reebok, and others, including casual wear lines like American Eagle and Forever 21, as well as the innerwear segment under Van part of the restructuring, Rs 1,000 crore of ABFRL's total borrowing of Rs 3,000 crore (as of March 31, 2024) will be transferred to ABLBL, while the remaining Rs 2,000 crore will stay with company also plans to raise Rs 2,500 crore within 12 months of the demerger, with promoter participation.
Economic Times
4 days ago
- Business
- Economic Times
Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal
Flipkart is understood to have sold its entire 6% stake in ABFRL, the owner of Pantaloons, through a bulk deal worth Rs 582 crore on Wednesday. Synopsis Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business. Walmart-owned Flipkart on Wednesday is understood to have sold its entire 6% stake in Pantaloons owner Aditya Birla Fashion & Retail (ABFRL) in a Rs 582 crore bulk deal this morning. The Birla Group stock fell 9% to the day's low at Rs 78.30 on BSE following the exit. ADVERTISEMENT Flipkart Investments Private Limited had offered to sell its entire 73.17 million shares, amounting to 6% stake in ABFRL at a floor price of Rs 79.50 per share, which is at a 7.6% discount to the last closing share price, according to the term sheet. Goldman Sachs is the sole bookrunner in this deal. Market sources confirmed that the deal was closed this morning. The deal amount is likely to be around Rs 582 the last few weeks, the market rebound has been marked by paring of stakes by promoters, PE and other large investors. Also read | Rs 43,000 crore selloff by promoters! Insider exits flash warning sign for Nifty bulls ADVERTISEMENT Prime Database shows that in May alone, promoters and other large investors sold shares worth around Rs 43,400 shares have been underperforming and have fallen around 11% in the last one year. The company had recently demerged the Madura Fashion & Lifestyle business into a separate listed entity - Aditya Birla Lifestyle Brands Limited (ABLBL). ADVERTISEMENT ABLBL will house prominent brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, Reebok, and others, including casual wear lines like American Eagle and Forever 21, as well as the innerwear segment under Van part of the restructuring, Rs 1,000 crore of ABFRL's total borrowing of Rs 3,000 crore (as of March 31, 2024) will be transferred to ABLBL, while the remaining Rs 2,000 crore will stay with ABFRL. ADVERTISEMENT The company also plans to raise Rs 2,500 crore within 12 months of the demerger, with promoter participation. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Business Standard
24-05-2025
- Business
- Business Standard
Aditya Birla Fashion & Retail reports consolidated net loss of Rs 16.87 crore in the March 2025 quarter
Sales rise 9.17% to Rs 1719.48 crore Net Loss of Aditya Birla Fashion & Retail reported to Rs 16.87 crore in the quarter ended March 2025 as against net loss of Rs 229.58 crore during the previous quarter ended March 2024. Sales rose 9.17% to Rs 1719.48 crore in the quarter ended March 2025 as against Rs 1575.12 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 375.82 crore in the year ended March 2025 as against net loss of Rs 628.02 crore during the previous year ended March 2024. Sales rose 14.18% to Rs 7354.73 crore in the year ended March 2025 as against Rs 6441.49 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1719.481575.12 9 7354.736441.49 14 OPM % 11.602.22 - 8.955.74 - PBDT 151.99-54.39 LP 286.87-31.19 LP PBT -149.58-341.80 56 -879.53-1048.08 16 NP -16.87-229.58 93 -375.82-628.02 40
