Aditya Birla Fashion and Retail Limited (ABFRL) Rights Issue of Rs. 995 cr. to open on July 08, 2020

  • Aditya Birla Fashion and Retail Limited (ABFRL) Rights Issue record date June 30, 2020 and ex-date July 01, 2020
  • Issue period: Issue opening date: Wednesday, July 8, 2020; Issue closing date: Wednesday, July 22, 2020 [both days inclusive]
  • Rights Issue aggregating to Rs. 995 crore
  • Terms of payment of Issue Price: 50% of amount need to be given on application, 25% in January 2021 and 25% in July 2021
  • Promoter and Promoter Group of ABFRL, to fully subscribe to the extent of their Rights Entitlement and do not intend to renounce such rights, except to the extent of renunciation within the Promoters and Promoter Group; and subscribe to any additional Equity Shares in the Issue, amongst themselves, for ensuring subscription to the extent of at least 90% of the Issue (in case of under-subscription below 90% in the Issue) and such subscription shall be subject to applicable laws
  • Size of the Issue: 9,04,65,693 partly-paid up equity shares of face value of INR 10 each for amount aggregating to ~INR 995 Cr.* *assuming full subscription
  • Rights entitlement ratio: 9 partly-paid Rights Equity Shares for every 77 existing fully-paid shares held by Eligible Equity Shareholders as on the Record Date.
  • Issue Price: INR 110 per fully paid-up Equity Share [including a premium of INR 100 per Equity Share]
  • ABFRL receives Rights Issue Renunciation ISIN Number

Comments

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    Aditya Birla Fashion and Retail Ltd

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