ABFRL Approves Massive ₹2,400 Crore Infusion: Big Boost for Promoters & QIBs!
Aditya Birla Fashion and Retail (ABFRL) announced that its board has authorized the offering of equity shares through qualified institutions placement (QIP) up to Rs 2,500 crore and up to Rs 2,379 crore in preferential issuance. Pilani Investment and Industries Corporation will get 4,08,72,580 equity shares from the business at a preferential issue price of…