FilingReader Intelligence

Aditya Birla Fashion & Retail allots equity shares

March 3, 2025 at 07:08 AM UTCBy FilingReader AI

Aditya Birla Fashion and Retail (ABFRL) announced the allotment of 40,833,990 equity shares to the promoter group and 39,609,127 shares to non-promoter qualified institutional buyers. The allotment was approved by the Preferential Issue Committee of the Board of Directors on February 24, 2025. The equity shares have a face value of ₹10 each. Following this allotment, the company’s paid-up equity share capital increases from ₹11,398,068,250 to ₹12,202,499,420. Pilani Investment and Industries Corporation Limited, a promoter group entity, received 4,083,400 shares, increasing its stake to 3.67%. Fidelity Securities Fund was allotted 23,720,498 and Fidelity Group Trust was allotted 4,099,260 equity shares. The company has already received in-principle approval from the stock exchanges for the preferential issue.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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