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Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million

ABFRL picked up a 51% stake in luxury wedding wear brand Sabyasachi in January last year, while Reliance Retail bought 52% of designer label Ritu Kumar in October

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kidswear Masaba Gupta | Aditya Birla Fashion

Reuters 



Aditya Birla Fashion and Retail, ABFRL

India's and Retail (ABFRL) said on Friday it would buy a 51% stake in House of Masaba Lifestyle for about 900 million rupees ($12.14 million), as it seeks to strengthen its presence in the fast growing segment.

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First Published: Fri, January 14 2022. 13:21 IST

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