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ABFRL to raise up to Rs 1250 crore through NCDs

12 May 2017 Evaluate

Aditya Birla Fashion and Retail (ABFRL) has received approval to issue non-convertible debentures (NCDs) of up to Rs 1250 crore in one or more tranches. The board of directors of the company at its meeting held on May 12, 2017 has approved for the same.

Aditya Birla Fashion & Retail (ABFRL) is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.

Peers
Company Name CMP
Avenue Supermarts 3410.35
Trent 2965.50
Vishal Mega Mart 95.90
PN Gadgil Jewellers 599.70
Aditya Birla Life 73.76
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