Corporate News

Aditya Birla Fashion raising Rs. 2,195 Cr. of primary capital from GIC

The board of Aditya Birla Fashion and Retail Limited (“ABFRL”) in its meeting today approved raising of up to Rs.2,195 Cr. 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 Cr. now towards subscription of equity and warrants, followed by […]