Aditya Birla Fashion and Retail is going to consider the proposal to raise funds by issuing 5,000 rated, listed, nonconvertible, redeemable, unsecured NCDs of Rs 10,00,000 each aggregating up to Rs 500 crore out of the approved limit, on private placement basis, including the terms and conditions of the issue, on or after November 8, 2019.
Earlier, the company had received an approvals from the Board of Directors of the company at their meeting held on May 15, 2019 and the shareholders of the company at Annual General Meeting held on August 21, 2019 to issue and allot NCDs amounting up to Rs 1,250 crore in one or more tranches on private placement basis from time to time (approved limit).
Aditya Birla Fashion and Retail 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.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4386.35 |
| Trent | 4180.90 |
| Vishal Mega Mart | 122.05 |
| Aditya Birla Lifesty | 107.80 |
| PN Gadgil Jewellers | 666.95 |
| View more.. | |
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