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Aditya Birla Fashion & Retail allots 3200 equity shares under ESOPs

Aditya Birla Fashion & Retail allots 3200 equity shares under ESOPs

Mumbai-based Aditya Birla Fashion and Retail (ABFRL) is an Indian retailer of clothing. It was formerly known as Pantaloons Fashion and Retail before being purchased by the Aditya Birla Group.

Equity shares will be issued by the company with a face value of Rs. 10 per share. This implies that the nominal value of each share issued will be Rs 10.

The paid-up equity share capital of ABFRL will rise from its current value of Rs 9,48,86,18,680 to Rs 9,48,86,50,680 upon the issuance and allotment of these new shares. This increase in paid-up capital represents the extra funds that the company has raised through the issuance of new equity shares, which can be used for a variety of corporate needs and growth.

The shares of ABFRL were trading at Rs 214.05 per share as of July 20, 2023, at 3:30 PM IST, showing a positive movement of 0.12% from their previous value. This illustrates a rising trend in the stock price of the company at that particular moment.

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