Cody Mcentyre. Aditya Birla Fashion & Retail is set to launch rights issue worth Rs 1,000 crore at the earliest, as part of its fund-raising plans for the current fiscal as well to cap the leverage, according to a company official. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. Experts advised subscribing to the issue with a long-term view as it is well priced, given the strong management and outlook on the sector once the COVID-19 crisis gets over and the economy gets fully re-opens. The subscription on the issue of rights for Aditya Birla Fashion and Retail (ABFRL) which opened on July 8 will close on July 22. / Rs. Aditya Birla Fashion and Retail (ABFRL) rights issue, which opened for subscription on July 8, will close on July 22. For the year last two fiscals, on a consolidated basis the company has posted turnover/net profit (loss) of Rs. 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The issue will open for … The company has recently raised funds from a stake sale to Flipkart and from a rights issue Also in case of undersubscription below 90 percent, promoters said they would subscribe to any additional equity shares among themselves for ensuring subscription to the extent of at least 90 percent. Aditya Birla Fashion and Retail is planning to open subscription of its rights issue by next week on July 8 to July 22. The price of the rights issue has been pegged at Rs 110 for one fully-paid share of face value Rs 10 (14 per cent discount to the last closing price of the share at Rs 128). Aditya Birla Fashion and Retail Ltd. will launch its rights issue on July 8 to raise Rs 995 crore to pare debt. Aditya Birla Fashion and Retail will be launching a rights issue at Rs 995 crore on July 8. May 28, 2020 Aditya Birla Fashion & Retail is set to launch rights issue worth Rs 1,000 crore at the earliest, as part of its fund-raising plans for the current fiscal as well to cap the … Its board claims that this rights issue is a move to strengthen its balance sheet in line with long term growth aspirations. This is the first rights issue by ABFRL, which intends to raise capital for reducing its leverage, strengthening its balance sheet and for general corporate purposes, including working capital. Fine print reveals devil in details in Rly Budget, What You Should Know About Walking for Weight Loss, Kate Middleton’s Repeat Outfit Proves That This Classic Never Goes Out Of Style, Tata Motors partners with Adloid for augmented reality experience of the new Safari, Myanmar Woman Does Aerobics As Military Coup Unfolds Behind Her. On 8 July, the rights issue of Aditya Birla Fashion and Retail opened for subscription. (SEBI registered Research Analyst-Mumbai). Aditya Birla Fashion and Retail (ABFRL) on Monday announced its Rs 995-crore rights offering will open for subscription on July 8 and close on July 22. Stocks and securities Stocks and securities. But i had bought few Rights Issue shares and applied for the same. Aditya Birla Fashion and Retail Ltd on Monday said that it rights issue of ₹995-crore will open on July 8. Harry Styles suggests The Crown alum Emma Corrin’s name for female lead in romantic drama film My Policeman? The issue seems to be well priced taking into consideration the ongoing pandemic environment and investor sentiments, he said. Investors should bear in mind that any investment in stock markets is subject to unpredictable market-related risks. The rights issue of Aditya Birla Fashion and Retail (ABFRL) opened for subscription on July 8. As the lockdown is gradually lifted, retail stocks seem to be in a rebound mode. Aditya Birla Fashion had approved the issuance of equity shares on a preferential basis to Flipkart for Rs 1,500 crore. Aditya Birla Money is one of the Top Online Trading Platforms in the Indian Share Market for Stock Trading, Derivatives Trading, Commodities Trading, IPO, and Mutual Funds. On share price movements, it was quoted at Rs. Road, Kurla, Mumbai 400 070 Telephone: +91 86529 05000 Contact Persons: Ms. Geetika Anand, I tried through SBI website, HDFC Bank website, both of them are not providing ASBA option for ABFRL-RE first call. Its NAV stood at Rs. Its last traded price is Rs. The following disclaimer applies to the documents of Aditya Birla Fashion and Retail Limited (the “Company”, and such documents, the “Documents” and each, a “Document”) hosted on this website in connection with the Company’s issue of equity shares on a rights basis (the “Issue” and the “Rights Equity Shares”, respectively). 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