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 ...
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India's Aditya Birla Fashion to raise $500 million via share sales to Fidelity, othersThe 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.
Ashish Dikshit, Managing Director, Aditya Birla Fashion and Retail Limited commented, "We are thrilled to announce our strategic alliance with Christian Louboutin, a true icon in luxury footwear.
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