Avendus Capital advises Aditya Birla Fashion and Retail on its restructuring exercise and capital raise of USD 500 million

We warmly congratulate the ABFRL team on an outstanding public market outcome. It has been a privilege to collaborate with the team and strengthen our partnership with the Aditya Birla Group. The overwhelming interest from both domestic and foreign investors, resulting in a 100% long-only book, underscores the company’s solid foundation and its leadership in the fashion and apparel space. With its diverse portfolio and multiple growth engines, ABFRL is uniquely positioned to seize the vast multi-decadal opportunity in the Indian apparel sector. We look forward to continuing our partnership with the company and driving further value creation for shareholders as it embarks on its next phase of growth

We are thrilled to deepen our partnership with the Aditya Birla Group and ABFRL as they continue to shape one of India’s most iconic and beloved fashion and lifestyle platforms. We firmly believe in the company’s vision of delivering unparalleled fashion, style, and value to customers across all occasions and price points. The strong backing from long-only funds in this transaction further highlights ABFRL's remarkable success in building a unique business model that promises to deliver sustained shareholder value for years to come.