- Advertisement -
Friday, June 9, 2023
Home Functional Brands & Retail Aditya Birla Fashion and Retail to raise Rs. 500 crore

Aditya Birla Fashion and Retail to raise Rs. 500 crore

India’s leading fashion retail company Aditya Birla Fashion and Retail Ltd (ABFRL) and part of the US $ 60 billion global conglomerate, and aiming to raise Rs. 500 crore through issuance of bonds on private placement basis.

Aditya Birla Fashion and Retail to raise Rs. 500 crore
Figure: Aditya Birla Fashion and Retail Ltd (ABFRL) and part of the US $ 60 billion global conglomerate, and aiming to raise Rs. 500 crore through issuance of bonds on private placement basis.

Aditya Birla Group announced in a regulatory filing that it planned to raise $500 million through the private placement of 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) with a face value of Rs. 10 lakh each on or after January 13, 2023.

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 portfolio also includes fashion brands — Louis Philippe, Van Heusen, Allen Solly and Peter England — and fashion retailer Pantaloons.

Last year, the company said that it will be raising up to Rs. 2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund.

GIC, a global institutional investor, will first invest Rs. 770 crore towards subscription of equity and warrants, followed by up to Rs. 1,425 crore in one or more tranches within 18 months upon exercise of warrants.

Related News

Functional Fashion Issue 04 week 10

 Download now  

Boohoo launches first pop-up shop in London to showcase new arrivals

Fashion retailer Boohoo has announced the opening of its very first pop-up store in Central London on Great Portland Street. The store opened on March...

Sweden and Indian researchers create new technology to purify tainted water

Researchers from Malaviya National Institute of Technology, Jaipur in India and Chalmers University of Technology in Sweden have created a new technique that quickly...

NC State separates mixed cotton from polyester by using enzymes in US

A team at North Carolina State University (NC State) has developed an enzyme-based method for separating mixed cotton and polyester fabric in the US....

H&M donates books and dressmaker mannequins to CIEOSH and BUFT

H&M Group, a multinational clothing giant, contributed books and dressmaker mannequins to the BGMEA Centre of Innovation, Efficiency and Occupational Safety and Health (CIEOSH)...

More like this

Functional Fashion Issue 04 week 10

0
 Download now  
Boohoo launches first pop-up shop in London to showcase new arrivals

Boohoo launches first pop-up shop in London to showcase new arrivals

0
Fashion retailer Boohoo has announced the opening of its very first pop-up store in Central London on Great Portland Street. The store opened on March...
Sweden and Indian researchers create new technology to purify tainted water

Sweden and Indian researchers create new technology to purify tainted water

0
Researchers from Malaviya National Institute of Technology, Jaipur in India and Chalmers University of Technology in Sweden have created a new technique that quickly...
Blended cotton polyester

NC State separates mixed cotton from polyester by using enzymes in US

0
A team at North Carolina State University (NC State) has developed an enzyme-based method for separating mixed cotton and polyester fabric in the US....
H&M donates books and dressmaker mannequins to CIEOSH and BUFT

H&M donates books and dressmaker mannequins to CIEOSH and BUFT

0
H&M Group, a multinational clothing giant, contributed books and dressmaker mannequins to the BGMEA Centre of Innovation, Efficiency and Occupational Safety and Health (CIEOSH)...
- Advertisement -