Aditya Birla Fashion jumps on joining hand with German’s GIZ

Aditya Birla Fashion and Retail is currently trading at Rs. 300.80, up by 6.70 points or 2.28% from its previous closing of Rs. 294.10 on the BSE.

The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 307.75 and Rs. 295.00 respectively. So far 295005 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 310.00 on 10-Nov-2021 and a 52 week low of Rs. 148.60 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 307.75 and Rs. 280.50 respectively. The current market cap of the company is Rs. 28238.56 crore.

The promoters holding in the company stood at 56.13%, while Institutions and Non-Institutions held 32.01% and 11.86% respectively.

In a bid to bolster sustainable practices in the apparel and textile industry, Aditya Birla Fashion and Retail has partnered with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The partnership is being implemented by the company and GIZ on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

With the support of GIZ, ABFRL along with the Indian industry players will be able to leverage circular business practices and adopt complex processes that are technically superior and consumer-friendly.

Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company’s brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.

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