Aditya Birla Fashion & Retail (ABFRL), one of India's leading fashion and retail companies, has successfully raised Rs 1,860 crore through a Qualified Institutional Placement (QIP) of equity shares.
The company’s QIP Committee approved the allotment of 68,583,059 equity shares, each with a face value of Rs 10, at a price of Rs 271.3 per share, including a premium of Rs 261.3 per share. This marks ABFRL’s first-ever QIP transaction.
The QIP, which opened on January 16, 2025, and closed on January 21, 2025, was oversubscribed by 2 times, reflecting strong demand from both domestic and international institutional investors.
The positive investor response highlights the confidence in ABFRL’s future growth prospects in the competitive retail sector.
This successful QIP follows a preferential issuance completed earlier, raising Rs 2,379 crore, with significant contributions from the promoter group (Rs 1,298 crore) and Fidelity Investments (Rs 1,081 crore).
With the funds raised, ABFRL aims to enhance its capital base and strengthen its financial position, supporting the company’s continued growth, brand expansion, and market presence both in India and internationally. The funding will also help ABFRL expand its portfolio and invest in its digital and omnichannel capabilities.
