Aditya Birla Fashion and Retail Limited — Board Meeting, 15-01-2025: Outcome of Board Meeting

The Board of Directors of Aditya Birla Fashion and Retail Limited has approved a preferential issue of equity shares, subject to shareholder approval. This includes issuing up to 4.09 crore equity shares to the Promoter Group at an issue price of ₹317.45 each, amounting to approximately ₹1,297.50 crore. Additionally, up to 3.97 crore equity shares will be offered to Qualified Institutional Buyers at ₹272.37 each, totaling around ₹1,081.25 crore. An extraordinary general meeting is scheduled to discuss these approvals.