• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Infosys cofounder Nilekani invests in Fabindia

07 Dec '16
1 min read

Through their family office Entrust, Infosys cofounder Nandan Nilekani and his wife Rohini have invested about Rs 100 crore for a 2 per cent stake in ethnicwear brand Fabindia, in which Wipro founder Azim Premji already owns a 25 per cent stake. This stake sale values Fabindia, which operates 229 stores in India, at approximately Rs 5,000 crore.

This was disclosed by two persons familiar with the deal to a leading daily. Earlier this year, existing investor Azim Premji had bought an additional 8 per cent stake in Fabindia, which increased his stake to 25 per cent in the company. The rest of the stake is held by the founder, the Bissell family, employees and other minority shareholders.

Along with managing stores in India, Fabindia also operates 10 stores in overseas markets and also runs an ecommerce website. (AR)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search