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‘Aditya Birla Fashion & Retail Ltd.’ insurance business’ partner, raised its stake in Birla Sun Life Insurance (BSLI) from 26% to 49% for ` 1,664 Crore.Aditya Birla Financial Services (ABFS) is one of [OLSHYNLZ[UVUIHURÄUHUJPHSZLY]PJLZWSH`LYZPU India.
With the FDI limit in the life insurance sector raised to 49%, Sun Life Financial, your Company’s life Aditya Birla Nuvo Limited Annual Report 2015-16 With the de-merger of its Madura Fashion division into its subsidiary Pantaloons Fashion & Retail Ltd., your Company has created India’s largest pure play listed branded apparel Company viz.
This is particularly creditable in the context of two successive unfavourable monsoons and a decline in exports.
Recent data indicate a 5.7% year-on-year growth in eight of the key core sector industries, against 2.3% growth registered last year.
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With the monetary stimulus option by and large exhausted, governments are more likely [V[\YU[VÄZJHSHUKZ[Y\J[\YHSTLHZ\YLZ[VYL]P]L growth.
Your Company continues to invest in the growth opportunities in the existing business portfolio.