Aditya Birla Fashion & Retail (ABFRL) has announced the completion of the fundraise through a Qualified Institutional Placement (QIP) of equity shares aggregating to Rs 1,860 crore. The QIP Committee of the Board of Directors of the Company has, at its meeting held om 21 January 2025, approved the issue and allotment of 68,583,059 equity shares of face value Rs 10 each to eligible Qualified Institutional Buyers (QIBs) at the issue price of Rs 271.3 per equity share (including a premium of Rs 261.3 per equity share), aggregating toRs 1,860 crore.The Company`s first-ever QIP transaction which opened on 16 January 2025, and closed on 21 January 2025, received an overwhelming response from prominent domestic and foreign institutional investors, with a subscription of ~ 2X.The successful QIP comes on the back of a preferential issuance of Rs. 2,379 crore, with participation from promoter group, investing Rs.1,298 crore and Fidelity Investments, investing Rs. 1,081 crore.Powered by Capital Market - Live News

Aditya Birla Fashion and Retail announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 February 2025.Powered by Capital Market - Live News

The Board of Aditya Birla Fashion & Retail at its meeting held on 15 January 2025 has approved issuance of equity shares of the Company on a preferential issue basis as under:i. Up to 4,08,72,580 equity shares of face value of Rs 10/- each at issue price of Rs 317.45/- each including the Premium of Rs 307.45/- each, aggregating to an amount up to Rs 1297,50,00,521 under Promoter/ Promoter Group category andii. Up to 3,96,97,838 equity shares of face value of Rs 10/- each at issue price of Rs 272.37/- each including the Premium of Rs 262.37/- each, aggregating to an amount up to Rs 1081,25,00,137 to Qualified Institutional Buyers under Non-Promoter Category. Powered by Capital Market - Live News

The Board of  Aditya Birla Fashion at its meeting held on 15 January 2025 has approved issuance of equity shares by way of Qualified Institutions Placement, for an aggregate amount not exceeding Rs 2,500 crore. Powered by Capital Market - Live News

Aditya Birla Fashion and Retail will hold a meeting of the Board of Directors of the Company on 15 January 2025.Powered by Capital Market - Live News