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Aditya Birla Group
Fair trade regulator CCI on Tuesday cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone in a Rs 16,660 crore all-cash deal. In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a Rs 16,660 crore all-cash deal to the consortium. The Competition Commission of India (CCI) said it has approved the proposed deal. "CCI approves acquisition of 100 per cent shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others," the regulator said in a post on X. Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Aditya Birla Real Estate Ltd (ABREL) will redevelop a housing society in Mumbai and expects a revenue of Rs 1,700 crore from free-saleable area. In a regulatory filing on Friday, the company said its subsidiary Birla Estates Pvt Ltd has entered into the redevelopment market with its first project in Mumbai Metropolitan Region (MMR). Birla Estates will redevelop Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, Mumbai's Western Suburbs. The project is being developed under a joint redevelopment arrangement with Parinee Real Estate Builders. "With a saleable area of 2.9 lakh sq ft, the project has an estimated revenue potential of Rs 1,700 crore," ABREL said. Birla Estates develops premium residential housing in key markets. It also has a commercial portfolio with two grade-A commercial buildings located in Worli, Mumbai, with 6 lakh sq ft of leasable area.
Aditya Birla Lifestyle Brands Ltd has reported a 14.42 per cent year-on-year increase in its consolidated net profit to Rs 69.01 crore for the December quarter of FY26. The company had posted a net profit of Rs 60.31 crore during the October-December quarter a year ago, according to a regulatory filing from Aditya Birla Lifestyle Brands Ltd (ABLBL) on Monday. Its revenue from operations rose 9.57 per cent to Rs 2,343.17 crore in the December quarter of FY26, compared to Rs 2,138.40 crore in the year-ago period. ABLBL, which has been formed after the demerging of the business of Madura Fashion and Lifestyle, total expenses were at Rs 2,230.40 crore, up 7.36 per cent in the December quarter. Total income of ABLBL, which included other income as well, was up 9.33 per cent to Rs 2,362.22 crore. ABLBL has lifestyle brands business as - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear Brands as American Eagle. Besides, it also has sportswear b
Inox Wind on Monday said it has secured a 102.3 MW supply order from ABREL EPC Ltd, a subsidiary of Aditya Birla Renewables (ABReL). Inox Wind secured the order for the supply of its 3.3 MW turbines for the projects being developed by ABREL EPC Ltd in Karnataka, the leading wind energy solutions provider said in a statement "ABReL has large-scale plans to set up and deliver long-term clean energy solutions to its customers, and we are pleased to be part of ABREL's mission to drive India's energy transition and achieve its decarbonisation and sustainability targets. We continue to make rapid progress on developing relationships with new customers and fortifying the existing ones," Sanjeev Agarwal, CEO, Inox Wind, said. Inox Wind Ltd is a leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. It is part of the multi-billion-dollar INOXGFL Group, which is primarily focused on two business verticals: chemicals and renewable energy. IWL has five ..