Aditya Birla Fashion and Retail is going to launch a rights issue at Rs 995 crore on July 8. It will allow existing shareholders of the company to subscribe to shares at a price of Rs 110 per share. The rights issue will close on July 22.
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.
