The Birla family's stake in ABFRL will increase to 52.78% from 49.25% after the deal, per a Reuters calculation based on latest exchange data, while Fidelity will get a fresh 3.45% stake.

Aditya Birla Fashion and Retail Limited approved issuing shares worth about Rs 2,379 crore to promoters and qualified institutional buyers. Shares will be issued to the promoter group and QIBs ...

Fashion and apparel behemoth Aditya Birla Fashion and Retail Ltd plans to raise $500 million (about Rs 4,300 crore) though preference shares and qualified institutional placement ahead of the proposed ...