Aditya Birla Fashion and Retail Limited — QIP/Rights/Pref., 15-01-2025: Preferential issue

Aditya Birla Fashion and Retail Limited plans to issue up to 4,08,72,580 equity shares to Promoter Group at an issue price of ₹ 317.45 each, raising approximately ₹ 1,297.50 Cr. Additionally, up to 3,96,97,838 equity shares will be offered to Qualified Institutional Buyers at an issue price of ₹ 272.37 each, totaling around ₹ 1,081.25 Cr. The proceeds are intended to support strategic initiatives, and an extraordinary general meeting is set for February 13, 2025, to seek shareholder approval for these proposals. Post-allotment, Pilani Investment and Industries Corporation's stake will rise to 3.90%.