ABFRL will maintain 80% stake in the new entity when Tahiliani will maintain the remaining twenty%.
The new manufacturer, which will work in the high quality occasion have on section at available cost details, aims to build a Rs 500 crore business in the up coming five years with about 250 suppliers. The manufacturer will roll out the first established of retail suppliers by September. As aspect of the deal, ABFRL will also receive 33% stake in the existing luxurious couture business