India's Arvind Fashions to sell beauty brands division to Reliance Retail for $26 mln
03/11/2023 07:11
BENGALURU, Nov 3 (Reuters) - Indian retailer Arvind Fashions ARVF.NS said on Friday it will sell its beauty brands division to billionaire Mukesh Ambani's retail unit Reliance Retail for an enterprise value of 2.16 billion rupees ($25.94 million). ($1 = 83.2575 Indian rupees) (Reporting by Chris Thomas in Bengaluru; Editing by Janane Venkatraman) ((chris.thomas@thomsonreuters.com;))
Recent news on ARVIND FASHIONS
See all newsBrief: Arvind Fashions Made An Investment Of 500 Million Rupees In Arvind Youth Brands
India's Arvind Fashions rises as Asian Market Securities initiates with 'buy'
India's Arvind Fashions slides on quarterly profit drop
India's Arvind Fashions posts nearly 24% drop in quarterly profit on higher expenses
Brief: Arvind Fashions Q1 Consol Net Profit 95.7 Million Rupees