ABFRL to raise $500 million through preferential issue and QIP
Aditya Birla Fashion and Retail Limited (ABFRL) said its board has approved raising of $500 million through a combination of preferential issuance and Qualified Institutional Placement (QIP) of equity shares. The preferential issuance of $275 million will be led by the promoter group investing $150 million and Fidelity Investments investing $125 million. The promoter participation…
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