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The board of Aditya Birla Fashion and Retail Limited has allotted 9.02 crore shares to the eligible applicants in the Rights Issue at an issue price of ₹110 per share. While ₹ 55 a share has been paid-up on the application, the balance amount should be payable over two instalments - 25 per cent (₹27.5 per share) each in January 2021 and July 2021.
Consequent to the allotment, the paid-up share capital of the company increased to ₹819.10 crore.
Shares of Aditya Birla Fashion and Retail Ltd are currently trading at ₹126.80 (11 am IST), up 3.26 per cent, over the previous day's close.
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