 "The promoter and promoter group companies of ABFRL will hold about 55.13 per cent upon completion of the issuance")
Aditya Birla Fashion and Retail on Friday approved to raise Rs 1,500 crore by way of preferential issue to Flipkart Investments Private Limited, a foreign portfolio investor, the company said in an exchange filing. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis.
According to the deal terms, AB Fashion and Retail will issue 7,31,70,732 fully paid-up equity shares, at a price of Rs 205 per share (face value of Rs 10 each) aggregating to Rs 1,500 crore, ranking pari passu to the existing fully paid-up equity shares. The promoter and promoter
