Aditya Birla Fashion and Retail Limited (BSE:535755) entered into Share Purchase and Subscription agreement to acquire 33.5% stake in Goodview Properties Private Ltd. from Tarun Tahiliani for INR 670 million on February 24, 2021.The consideration will be paid in cash. Aditya Birla has an option to increase it's stake to 51%in next few years. As a part of the proposed transaction Tahiliani Design Private Limited will transfer its business to Goodview Properties Private Ltd. In similar transaction Aditya Birla and Tahiliani will establish a new brand in which Aditya Birla will hold 80% stake and Tarun Tahiliani will hold remaining 20% stake. For the year ended March 31, 2020 Goodview Properties Private Ltd recorded the revenue of INR 0.07 million. The deal is subject to statutory approval and signing of definitive agreement. The deal will be completed in next 45-60 days.