Aditya Birla Fashion & Retail allots 7.31 cr equity shares to Flipkart

The Board of Aditya Birla Fashion & Retail at its meeting held on 28 January 2021 has allotted 7,31,70,731 fully paid-up equity shares of face value of Rs 10/- each to Flipkart at Rs 205 per Equity Share [including a premium of Rs 195 per Equity Share].

Consequent to the above allotment: -
1) Flipkart will hold 7.8% equity stake in the Company on a fully diluted basis (ranking pari passu to the existing fully paid-up equity shares);
The paid-up share capital of the company has increased to Rs 8,92,72,38,790 from Rs 8,47,58,53,580.

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