Pilani increases stake in Aditya Birla Fashion via allotment

Pilani Investment and Industries Corporation Limited has disclosed a substantial acquisition of shares in Aditya Birla Fashion and Retail Limited (ABFRL) under SEBI regulations. The acquisition, made through a preferential allotment on February 24, 2025, involves 4,08,33,990 equity shares. This increases Pilani's holding to 4,48,22,856 shares, representing 3.67% of ABFRL's total equity share capital. Prior to the acquisition, Pilani held 39,88,866 shares, amounting to 0.35% of the total equity. Following the allotment, ABFRL's equity share capital rises to Rs. 12,20,24,99,420/- consisting of 1,22,02,49,942 Equity Shares of Rs.10/- each. The disclosure was made to both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).