The Aditya Birla Fashion and Retail Company intends to issue debt bonds on or after September 4 to raise Rs 750 crore.
In a filing with the exchange, the company stated that it will seek money through private placements.
On a private placement basis, the company intends to issue 75,000 listed, rated, unsecured, redeemable, non-convertible debentures with a face value of Rs. 1,000,000 each in order to raise money.
The business announced in a separate filing that it had successfully acquired a 29% share in TCNS Clothing Co Ltd through the open offer.
The anticipated cost of the 29% bought stake is more than Rs 941 crore.
According to a previous announcement, Aditya Birla Fashion paid around Rs 1,650 crore for a 51% share in TCNS Clothing.
Aditya Birla Fashion’s shares were trading at Rs 218.15, down 0.64% from the previous close, at 12:24 PM.
