Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday.
The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail said in a regulatory filing.
"The Company proposes to raise funds by issuing 75,000 listed, unsecured, rated, redeemable non-convertible debentures of face value of Rs 1,00,000 each issued at par aggregating to Rs 7,50,00,00,000, on private placement basis, on or after September 4, 2023," the filing said.
In a separate filing, the company said that it has completed the acquisition of a 29% stake in TCNS Clothing Ltd. pursuant to the open offer.
The 29% stake is estimated to be over Rs 941 crore.
As per an earlier announcement, ABFRL acquired a 51% stake in TCNS for about Rs 1,650 crore.
RECOMMENDED FOR YOU
Grasim's Market Capitalisation Near Rs 2 Lakh Crore: Kumar Mangalam Birla
Aug 26, 2025
.png?rect=0%2C0%2C3500%2C1969&w=75)
Hindalco Banks On Metal Prices, Operational Efficiency To Maintain Growth In FY26 After Strong Q1 Results
Aug 16, 2025
Aditya Birla Fashion Q1 Loss Widens To Rs 234 Crore
Aug 13, 2025
Hindalco Q1 Results: Profit Grows 30% To Over Rs 4,000 Crore
Aug 12, 2025
POPULAR