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Pantaloons is now Aditya Birla Fashion & Retail
13
Jan '16
Aditya Birla, an Indian textile giant, has changed the name of its retailing subsidiary, Pantaloons Fashion & Retail to Aditya Birla Fashion & Retail with effect from January 12, 2016, the company told BSE.

The name change has been issued by the Registrar of Companies, Mumbai, according to the Certificate of Incorporation pursuant to change of name (Pursuant to Rule 29 of the Companies Rules, 2014), and has been informed to the stock exchange via a letter dated January 9, 2016.

The aforesaid name change is further to the effectiveness of the Composite Scheme of Arrangement between the companies Aditya Birla Nuvo Limited (ABNL), Madura Garments Lifestyle Retail Company Limited (MGLRCL) and their respective shareholders and creditors u/s 391 to 394 of the Companies Act, 1956 (Composite Scheme).

Pantaloons Fashion & Retail, originally a part of Future Group, was taken over by the Aditya Birla Group in 2015 after Future Group sold its majority stake to the textile giant. (MCJ)

Fibre2Fashion News Desk - India

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