• Aditya Birla Fashion and Retail Limited (ABFRL) Rights Issue record date June 30, 2020 and ex-date July 01, 2020
• Issue period: Issue opening date: Wednesday, July 8, 2020; Issue closing date: Wednesday, July 22, 2020 [both days inclusive]
• Rights Issue aggregating to Rs. 995 crore
• Terms of payment of Issue Price: 50% of amount need to be given on application, 25% in January 2021 and 25% in July 2021
• Promoter and Promoter Group of ABFRL, to fully subscribe to the extent of their Rights Entitlement and do not intend to renounce such rights, except to the extent of renunciation within the Promoters and Promoter Group; and subscribe to any additional Equity Shares in the Issue, amongst themselves, for ensuring subscription to the extent of at least 90% of the Issue (in case of under-subscription below 90% in the Issue) and such subscription shall be subject to applicable laws
• Size of the Issue: 9,04,65,693 partly-paid up equity shares of face value of INR 10 each for amount aggregating to ~INR 995 Cr.* *assuming full subscription
• Rights entitlement ratio: 9 partly-paid Rights Equity Shares for every 77 existing fully-paid shares held by Eligible Equity Shareholders as on the Record Date.
• Issue Price: INR 110 per fully paid-up Equity Share [including a premium of INR 100 per Equity Share]
• ABFRL receives Rights Issue Renunciation ISIN Number

MUMBAI, 29 JUNE, 2020 (GPN): Aditya Birla Fashion and Retail Limited (ABFRL) is set to Launch rights issue worth Rs 995 crore By 30 June, 2020 as part of its fund-raising plans for the current fiscal as well to cap the leverage, according to a company official.

Aditya Birla Fashion & Retail is the country’s largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

The management evaluated various options and is of the view that the rights issue will be an equitable mode of fund raising as it gives shareholders an opportunity to participate in the growth story, the official explained.

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital.

The promoters and promoter group will be fully subscribing to their rights entitlement and will reserve their right to subscribe to any additional equity shares in the issue is under-subscribed.

(i) Fully subscribe to the extent of their Rights Entitlement and do not intend to renounce such rights, except to the extent of renunciation within the Promoters and Promoter Group; and
(ii) subscribe to any additional Equity Shares in the Issue, amongst themselves, for ensuring subscription
to the extent of at least 90% of the Issue (in case of under-subscription below 90% in the Issue) and such subscription shall be subject to applicable laws.

TERMS OF THE RIGHTS ISSUE:

Pursuant to the above referred, The Company has obtained ISIN:
INE647O20011 for the purpose of credit of the rights entitlements in accordance with the provisions of
Regulation 77A of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018 read with relevant circulars in this regard issued by Securities and
Exchange Board of India from time to time. ENDS