- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Aditya Birla Fashion and Retail Limited has announced a board meeting on February 13, 2025, to consider a preferential issue of equity shares. Approval is sought to issue up to 4,08,72,580 shares at ₹317.45 each (aggregating to ₹12,97.50 crore) to Pilani Investment and Industries Corporation (Promoter Group), and up to 3,96,97,838 shares at ₹272.37 each (totaling ₹10,81.25 crore) to five Qualified Institutional Buyers. This initiative aims to bolster the company’s capital to support growth strategies and upcoming business transformations, creating distinct value in its segments. Investor sentiment may see a positive outlook as this capital infusion is expected to enhance financial flexibility and promote future growth opportunities in high-potential markets.
All announcements from Aditya Birla Fashion and Retail Limited