Aditya Birla to merge More and MFL into Pantaloon

As reported earlier, the Aditya Birla Group may soon merge its two loss-making unlisted entities, Aditya Birla Retail, which runs More retail chain, and Madura Fashion & Lifestyle into Pantaloon Fashion & Retail, a listed entity. Sources suggest that the board of Pantaloon may meet next week to take a decision on the merger proposal.