Aditya Birla Fashion raising Rs 2195 crore of primary capital from GIC
NEW DELHI: The board of Aditya Birla Fashion and Retail Limited (“ABFRL”) in its meeting today approved raising of up to Rs.2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (“GIC”). GIC will invest Rs. 770 crore now towards subscription of equity and warrants, […]
Flipkart to acquire 7.8% stake in Aditya Birla Fashion for Rs 1,500 crore
NEW DELHI: Flipkart Investments will pick up 7.8 per cent stake in Aditya Birla Fashion and Retail Limited (ABFRL) with an investment of Rs 1,500 crore. The equity capital will be raised at Rs 205 per share. The promoter and promoter group companies of ABFRL will hold about 55.13 per cent upon completion of the […]