Aditya Birla Fashion and Retail Limited allots partly paid up shares on rights basis

The Board of Directors of Aditya Birla Fashion and Retail Limited have, today, considered and approved the allotment of 9,02,77,042 equity shares of face-value ₹ 10/- each (₹ 5/- paid-up) ["the Equity Shares"] to the eligible applicants in the Rights Issue at an issue price of ₹ 110 per Equity Share [including a premium of ₹ 100 per Equity Share] of which ₹ 55 per Equity Share has been paid-up on application [including a premium of ₹ 50 per Equity Share] ["the said allotment"] and the balance amount shall be payable over two subsequent calls, as per the payment schedule disclosed in the Letter of Offer dated June 28, 2020 ["LoF"].

The said allotment is pursuant to the LoF and the 'Basis of Allotment' as finalised in consultation with the Lead Managers, the Registrar to the Issue and as approved by BSE Limited, the Designated Stock Exchange for the Issue.

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company shall be as follows:

Equity Shares of ₹ 10/- each (fully paid-up) - 77,39,67,4090 - Rs. 7,73,96,74,090

Equity Shares of ₹ 10/- each (₹ 5/- paid-up) - 9,02,77,042* - Rs. 45,13,85,210

Total - 86,42,44,451 shares - Rs. 8,19,10,59,300

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.123 as compared to the previous close of Rs. 125. The total number of shares traded during the day was 542400 in over 934 trades.

The stock hit an intraday high of Rs. 127.45 and intraday low of 121.85. The net turnover during the day was Rs. 66756778.

Source : Equity Bulls

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