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The decision seeks to create two distinct growth engines with well-defined capital structures and value creation trajectories, the company said

As per the report, USPL has been actively seeking a buyer for Wrogn

ABFRL is a listed company and is part of Aditya Birla group of companies and is engaged in retailing of branded products

On merger, shareholders of TCNS will receive 11 shares of ABFRL for every 6 shares that they hold in TCNS

However, its revenue from operations increased 20.1 per cent to Rs 3,588.80 crore during Q3 FY23

The D2C portfolio will be built organically and inorganically, according to ABFRL, and will initially be funded through internal accruals

On its portal, Aditya Birla Fashion and Retail Ltd is experiencing a data breach