Aditya Birla Fashion and Retail Limited (ABFRL) has consolidated its ownership of Imperial Online Services Private Limited, taking its holding in the fashion and apparel company to 100%.

The development follows the acquisition of an additional 15.62% equity stake in Imperial by ABFRL’s wholly owned subsidiary, Aditya Birla Digital Fashion Ventures Limited (ABDFVL), on September 17, 2026. With the completion of the transaction, Imperial has become a wholly owned subsidiary of ABDFVL and, consequently, a step-down wholly owned subsidiary of ABFRL.

The latest acquisition was carried out in line with the Share Subscription and Shareholders’ Agreement signed on July 11, 2022. The agreement had provided for specific milestones linked to the subsequent increase in ABDFVL’s ownership in Imperial.

Established in 2012, Imperial Online Services operates across the fashion, apparel and accessories segments. The company manufactures, markets and distributes fashion apparel under the Urbano brand, with its products available through both online and offline channels.

Imperial has also recorded a rise in turnover over the past three financial years. Its turnover stood at ₹119.38 crore for the financial year ended March 31, 2026, compared with ₹77.93 crore in FY2025 and ₹66.78 crore in FY2024.

The acquisition was completed for cash consideration in accordance with the agreed terms. The transaction did not require any regulatory approvals, and increases ABDFVL’s shareholding in Imperial from 84.38% to the full 100%.

The move further consolidates ABFRL’s interest in the fashion and apparel space and brings the Urbano business fully within its subsidiary structure.

ABFRL, headquartered in Mumbai, has a portfolio spanning multiple fashion and apparel businesses and continues to expand its presence across segments of the Indian fashion market.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).