Aditya Birla Fashion and Retail can raise Rs. 500 crore

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Leading Indian fashion retailer Aditya Birla Fashion and Retail Ltd (ABFRL) and Aditya Birla Group, part of a $60 billion global conglomerate, can raise Rs. SEK 500 million through the issuance of bonds on a private placement basis.

Aditya Birla Group announced in its regulatory filings that the company will raise funds by issuing 5,000 listed, unsecured, rated and redeemable non-convertible debentures (NCDs) with a par value of Rs. said to have suggested. 100,000 rupees each, issued at an aggregated face value of Rs. 500 crore on a private placement basis from 13 January 2023 onwards.

He added that this was within limits approved by the company’s board of directors and shareholders.

ABFRL is India’s largest multi-brand retailer of international global brands such as Ralph Lauren, Hackett, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok.

The company’s portfolio also includes fashion brands such as Louis Philippe, Van Heusen, Allen Soley and Peter Englund, as well as fashion retailer Pantalons.

Last year, the company said it would raise it up to Rs. His 2,195 kroner through preferred issuance of shares and warrants to an affiliate of his GIC, a Singapore sovereign wealth fund. A global institutional investor, he GIC will initially invest his Rs. 770 crore for subscription of shares and warrants followed by up to Rs. 1,425 SEK in one or more tranches within 18 months upon exercise of warrants.

read also: Aditya Birla Fashion and Retail Raises Rs. 2.195 billion

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