Aditya Birla Fashion rises on approving allotment of NCDs worth Rs 500 crore

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Aditya Birla Fashion and Retail is currently trading at Rs. 208.00, up by 6.40 points or 3.17% from its previous closing of Rs. 201.60 on the BSE.

The scrip opened at Rs. 201.25 and has touched a high and low of Rs. 209.00 and Rs. 201.25 respectively. So far 22040 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 236.45 on 12-Mar-2019 and a 52 week low of Rs. 176.70 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 225.00 and Rs. 196.50 respectively. The current market cap of the company is Rs. 16083.71 crore.

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The promoters holding in the company stood at 59.09%, while Institutions and Non-Institutions held 30.49% and 10.41% respectively.

Aditya Birla Fashion and Retail has approved allotment of 5,000 rated, listed, non-convertible, redeemable, unsecured Non-convertible debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 500 crore, on private placement basis.

Aditya Birla Fashion and Retail 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.