Century Textiles and Industries Limited (BSE:500040) is looking to demerge its textile business. It may merge it with Aditya Birla Fashion and Retail Limited (BSE:535755) to bring the entire textile and fashion business of the Aditya Birla Group under one roof. When contacted, an Aditya Birla Group spokesperson denied any merger talks between Aditya Birla Fashion with Century Textiles.