GRM Overseas launches 10X Ventures to propel growth in India’s FMCG sector

GRM Overseas launches 10X Ventures to propel growth in India’s FMCG sector

GRM Overseas Limited, a well-known player in India’s fast-moving consumer goods (FMCG) market, has officially unveiled its latest strategic initiative, 10X Ventures. This new platform is designed to significantly accelerate the company’s growth by focusing on investments in digital-first, new-age direct-to-consumer (D2C) brands, lifestyle brands, smaller portfolio brands, and incubator opportunities. The launch of 10X […]

Strategic demerger: ABFRL splits to create Aditya Birla Lifestyle Brands Ltd.

Strategic demerger: ABFRL splits to create Aditya Birla Lifestyle Brands Ltd.

Aditya Birla Fashion and Retail Ltd. (ABFRL), in a significant corporate restructuring move, has announced the vertical demerger of its Madura Fashion and Lifestyle business into a new entity, Aditya Birla Lifestyle Brands Ltd. (ABLBL). This decision, approved by ABFRL’s Board of Directors, aims to enhance shareholder value by establishing two distinct companies, each with […]

Aditya Birla Fashion and Retail evaluates demerger of Madura Fashion & Lifestyle

Aditya Birla Fashion and Retail evaluates demerger of Madura Fashion & Lifestyle

In a pivotal strategic decision, the Board of Directors of Aditya Birla Fashion and Retail Ltd. (ABFRL) has given its nod for the management to thoroughly evaluate the potential vertical demerger of its Madura Fashion & Lifestyle business segment. This decision, aimed at segregating the Madura division into a separate listed entity, underscores the company’s […]