Biba Apparels raises Rs 300 crore investment; exits Future Lifestyle Fashions Ltd

The ethnic women’s wear brand, Biba Apparels, raises Rs 300 crore funds. The investment has been made by private equity firms Warburg Pincus and Faering Capital .

“The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market,” Biba said in a statement.

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