New Delhi, May 24 -- The board of Aditya Birla Fashion and Retail Ltd (ABFRL) on Tuesday approved raising of up to Rs 2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore's sovereign wealth fund.
In a regulatory filing, ABFRL said that the board has approved fund raising by issuance of equity shares and warrants on a preferential allotment basis to Caladium Investment Pte Ltd by entering into a share subscription agreement (SSA) dated May 24, 2022.
"The preferential issue is subject to regulatory approval(s) and other closing conditions under the SSA," ABFRL said in the filing.
It said that the board also approved an increase in authorized share capital from existing Rs 1,010.15 crore to Rs ...