Aditya Birla Fashion and Retail (ABFRL) has received SEBI’s exemption over listing of shares worth Rs 2,195 crore alloted to Caladium Investment, a foreign portfolio investor.
Based on the in-principle approval received from the stock exchanges, the Aditya Birla Group firm had made an application to the stock exchanges who approached SEBI and sought an exemption under Rule 19(7) of the SCRR from Rule 19(2)(b), in relation to the proposed listing of warrants pursuant to the preferential issue of the Company.
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.
