Aditya Birla Fashion and Retail Limited — Others, 15-05-2025: Monitoring Agency Report
15-05-2025 | 07:07 pm
15-05-2025 | 07:07 pm
Aditya Birla Fashion and Retail Limited has announced a board meeting on the financial results for the quarter and half-year. The company’s monitoring agency confirms that proceeds from the Qualified Institutional Placement (₹1,828.66 Cr) and Preferential Issue (₹2,378.75 Cr) have been used as planned, mainly for repaying borrowings, general corporate needs, and investing in growth areas like Value Retail, Ethnic, and Luxury segments. Unused funds remain invested in liquid mutual funds and fixed deposits, generating returns between 6.8-7.7%, reflecting disciplined capital management.
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