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Aditya Birla Fashion and Retail LimitedImportant, 07-02-2025: Agreements

07-02-2025 | 06:37 pm

Aditya Birla Fashion and Retail Limited has executed a Share Subscription Agreement with several Qualified Institutional Buyers for the preferential issue of 3,96,09,127 equity shares at an issue price of ₹272.98 per share, totaling approximately ₹1,081.25 crore. The agreement involves Fidelity Securities Funds and various Fidelity Trusts as subscribers. Notably, there are no special rights granted to these investors, and the issue is subject to shareholder and regulatory approvals. This capital raise could strengthen the company's financial position and fund future growth initiatives, reflecting a positive outlook for investors as the company bolsters its capital base.

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