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ABFRL to raise up to Rs 1250 crore through NCDs

Aditya Birla Fashion and Retail (ABFRL) has received approval to issue non-convertible debentures (NCDs) of up to Rs 1250 crore in one or more tranches. The board of directors of the company at its meeting held on May 12, 2017 has approved for the same.

Aditya Birla Fashion & Retail (ABFRL) 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.

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