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The latest update is out from Aditya Birla Fashion and Retail Limited ( (IN:ABFRL) ).
Aditya Birla Fashion and Retail Limited has initiated a Qualified Institutional Placement (QIP) of its equity shares, setting the floor price at ₹ 271.28 per share as per SEBI regulations. This strategic move, approved by the company’s board and QIP Committee, aims to strengthen its capital base, potentially enhancing its competitive positioning and offering growth opportunities to stakeholders.
More about Aditya Birla Fashion and Retail Limited
Aditya Birla Fashion and Retail Limited is a prominent entity in the retail industry, focusing on fashion and lifestyle products. The company is known for its wide range of clothing brands and retail outlets, catering to diverse consumer needs in the fashion market.
YTD Price Performance: -5.78%
Average Trading Volume: 133,239
Current Market Cap: 288.3B INR
Learn more about ABFRL stock on TipRanks’ Stock Analysis page.