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).
ABFRL board approves raising $500 mn through preferential issuance and QIP
The board of Aditya Birla Fashion and Retail (ABFRL), in its meeting held on Wednesday, approved raising $500 million through a combination of preferential issuance and Qualified Institutional Placement (QIP) of equity shares, the company said in a statement.
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 $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 to raise Rs 4,300 crore via pref issue, QIP
Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board had approved raising $500 million (Rs 4,300 crore) through a preferential issue and qualified institutional placement (QIP) of equity shares. The fundraising comes ahead of a proposed vertical demerger of ABFRL by the end of this financial year (FY25).
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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ABFRL Unveils $500 Million Equity Raise Amid Expansion Plans; Buying Opp.?
Aditya Birla Fashion (NS:ADIA) and Retail Ltd. (ABFRL) has announced a $500 million equity raise approved by its board, ...
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ABFRL's Bold Move: A Rs 4,789 Crore Fundraising Strategy
Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs 4,789 crore through preferential issuance and a qualified ...
ABFRL board approves Rs 1,298-crore preferential issue to promoter, raising up to Rs 2,500 crore via QIP
ABFRL board also approved preferential issue of up to 3.96 crore shares to institutional buyers at Rs 272.37 apiece ...
ABFRL to raise $500 million through preferential issue and QIP
The preferential issuance of $275 million will be led by the promoter group investing $150 million and Fidelity Investments ...
ABFRL to raise $500M through share issue; Fidelity Investments joins as key investor
Aditya Birla Fashion and Retail to raise $500 million for growth strategy, debt reduction, and vertical demerger.
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ABFRL Announces Massive Fundraise to Propel Growth
Aditya Birla Fashion and Retail Ltd has received board approval to raise Rs 2,378.75 crore through shares issued to promoters and market. The process involves issuing shares to promoter group and ...