Aditya Birla Fashion and Retail has raised Rs 750 crore through allotment of 75,000 Listed, Unsecured, Rated, Redeemable Non-Convertible Debenture (NCDs) of Rs 1,00,000 each with the coupon rate of 7.57% p.a., on private placement basis. The maturity of the said NCDs will be on September 12, 2030.
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.
