Announced
Aditya to acquire a 51% stake in Masaba for $12m.
Synopsis
Aditya, a clothing company, agreed to acquire a 51% stake in Masaba, a fashion lifestyle company, for $12m. ABFRL and House of Masaba Lifestyle have entered a binding term sheet agreement, marking the Aditya Birla Group company's entry into the beauty & personal care market in India.
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