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Aditya Birla Fashion to raise $500 million equity through preferential issue, QIP
January 16, 2025
|The New Indian Express Tiruchy
AHEAD of its planned demerger into two separate entities and their subsequent listing, Aditya Birla Fashion & Retail has finalised a capital raising plan of $500 million through a combination of preferential issuance and qualified institutional placement of shares.
The board of the company on Wednesday approved a preferential issue worth $275 million, which will be led by the promoter group investing $150 million and Fidelity Investments investing $125 million.
The promoter participation is at a significant premium of 17.5% over Tuesday's closing price.
هذه القصة من طبعة January 16, 2025 من The New Indian Express Tiruchy.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Tiruchy
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