01-01-1970 12:00 AM | Source: Accord Fintech
Aditya Birla Fashion and Retail jumps on planning to raise funds
News By Tags | #3642 #686 #572

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Aditya Birla Fashion and Retail is currently trading at Rs. 274.85, up by 3.65 points or 1.35% from its previous closing of Rs. 271.20 on the BSE.

The scrip opened at Rs. 268.00 and has touched a high and low of Rs. 276.00 and Rs. 268.00 respectively. So far 23556 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.95 on 07-Apr-2022 and a 52 week low of Rs. 181.70 on 31-May-2021.

Last one week high and low of the scrip stood at Rs. 284.05 and Rs. 263.40 respectively. The current market cap of the company is Rs. 25794.17 crore.

The promoters holding in the company stood at 56.09%, while Institutions and Non-Institutions held 33.09% and 10.82% respectively.

Aditya Birla Fashion and Retail is planning to raise funds through issue of equity shares/ convertible bonds / warrants/ debentures / any other securities, through permissible modes including but not limited to a qualified institutions placement, preferential allotment, rights issue, further public offer, etc., subject to such approvals, as may be required under the applicable laws. A meeting of the Board of Directors of the Company will be held on May 24, 2022, to consider the same.

Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.