Board of India’s Aditya Birla Fashion and Retail approves $500m equity raise
Indian conglomerate Aditya Birla Fashion and Retail Ltd (ABFRL) has received approval from its board to strengthen its capital base through a $500m equity raise. The initiative is set to involve a mix of preferential allotment and a qualified institutional placement (QIP).
Aditya Birla Fashion and Retail board approves fundraising through issuance of preferential shares
Aditya Birla Fashion and Retail Ltd. plans to raise significant funds by issuing equity shares, subject to approvals. The company aims to raise ₹1,297.5 crore through promoter shares and ₹1,081.25 crore from institutional buyers,
Aditya Birla Fashion to raise USD 500 million equity through preferential issue, QIP
MUMBAI: Ahead of its planned demerger into two separate entities and their subsequent listing, Aditya Birla Fashion & Retail has finalised a capital raising plan of USD 500 million through a combination of preferential issuance and qualified institutional placement of shares.
Aditya Birla Fashion to raise $500mn ahead of demerger
Aditya Birla Fashion and Retail (ABFRL) plans to raise $500 million through a mix of preferential issuance and qualified institutional placeme.
Aditya Birla Fashion Raises Nearly Rs 4,900 Crore Via Share Sale To Promoters, Institutional Investors
Aditya Birla Fashion and Retail Ltd. on Wednesday raised nearly Rs 4,900 crore by selling shares to promoter entity via preferential issue and qualified institutional placement.
India's Aditya Birla Fashion to raise $500 million via share sales to Fidelity, others
India's Aditya Birla Fashion and Retail (ABFRL) will raise $500 million by selling shares, including to U.S. investment firm Fidelity, the retailer said on Wednesday. ABFRL said it will raise $275 million by issuing preference shares,
Aditya Birla Fashion to raise $500m via QIP, preferential issue
Aditya Birla Fashion and Retail will raise $500 million through a mix of preferential issuance and QIP to reduce debt and boost growth. Aditya Birla Group will invest $150 million, and Fidelity will buy $125 million in shares.
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Aditya Birla Fashion launches QIP to raise funds; Check floor price and other details
Aditya Birla Fashion had approved a fund raise worth nearly ₹5,000 crore through a QIP and a preferential issue of shares.
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Newsletter | Aditya Birla Fashion's ₹5,000 crore fundraise; Maha Kumbh Mela; Budget Expectations & more
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