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…
READ MOREShares of Burger King-operator Restaurant Brands Asia (RBA) today rose 3% to their dayβs high of Rs 84.56 on the BSE after the company announced that its board will meet on Friday to consider raising of funds via a preferential issue, qualified institutions placement (QIP) or other methods. βPursuant to Regulation 29(1)(d) of the SEBI…
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