ABFRL Approves Bold Rs 2,400 Crore Preferential Issue to Boost Promoters and QIBs
Aditya Birla Fashion and Retail Limited (ABFRL) has approved a preferential issue of shares worth approximately Rs 2,379 crore. This fund-raising move will involve the issuance of shares to the promoter group and qualified institutional buyers (QIBs). The capital raised will result in an increase in Pilani Investment and Industries’ shareholding in ABFRL from its…