Aditya Birla Fashion and Retail Limited — QIP/Rights/Pref., 15-01-2025: Qualified Institutional Placement

Aditya Birla Fashion and Retail Limited has announced a board meeting to approve a Qualified Institutions Placement (QIP) of equity shares, aiming to raise up to ₹2,500 Crores. The issuance will involve equity shares with a face value of ₹10 each. The funds are intended to bolster the company's financial standing and explore growth opportunities, subject to regulatory approvals. This strategic move aligns with the company's goals to enhance its capital structure and support future initiatives.