Aditya Birla Fashion plans Rs 1,000 crore rights issue, Retail News, ET Retail

Davida Erdahl

Mumbai: Aditya Birla Fashion & Retail is established to start rights issue worthy of Rs 1,000 crore at the earliest, as part of its fund-raising options for the recent fiscal as nicely to cap the leverage, according to a organization formal.

Aditya Birla Fashion & Retail is the country’s biggest pure-enjoy manner and life-style player with a powerful bouquet of manner models and retail formats with a community of above three,040 outlets, and presence across twenty five,000 multi-brand name outlets across the country.

The board, which is assembly on Wednesday, is established to approve the prepare to raise Rs 1,000 crore by way of a rights issue, which will be totally subscribed to by the promoters/promoter group, the formal informed PTI.

The management evaluated a variety of options and is of the watch that the rights issue will be an equitable mode of fund raising as it presents shareholders an

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