ABFRL News

ABFRL has assured that it will have no operational or business impact on its operations. The company has engaged forensic security experts to investigate the data breach incident. Over 5.4 million email addresses were released online from the portal of the Aditya Birla Group-owned company.

The move will strengthen ABFRL's play into fashion for young and digitally native consumers. It will also help ABFRL to foray into branded beauty and personal care segment. The brand is targeting to achieve annual revenues of around Rs 500 crore in the next five years.

Aditya Birla Fashion and Retail today said its division Pantaloons' Chief Executive Officer Shital Mehta has resigned from the company.

Shares of Pantaloons Fashion & Retail and Aditya Birla Nuvo on Monday gained up to 20 percent, a day after Aditya Birla Group merged its apparel businesses into a Rs 5,290 crore entity.

Pantaloons Fashion jumped 19.92 per cent to Rs 136.60 -- its upper circuit limit on the BSE, while Aditya Birla Nuvo surged 12.94 per cent to Rs 1,773.55.