Aditya Birla Fashion and Retail is planning to raise funds by issuing 75,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of face value of Rs 1,00,000 each issued at par aggregating to Rs 750 crore, on private placement basis, on or after September 4, 2023. The above is within the limits approved by the Board of Directors and Shareholders of the Company, from time to time.
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.
