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The rights issue of Aditya Birla Fashion and Retail (ABFRL) has opened for subscription as well as trading on exchanges July 8. The company is going to raise Rs 995 crore through its rights issue of 9,04,65,693 partly paid up equity shares which will close on July 22. Investors will have to make a payment of 50 percent (Rs 55 per share) of the subscription amount at the time of application i.e. by July 22, and the remaining amount will be paid by investors in two instalment – 25 percent (Rs 27.5 per share) each in January 2021 and July 2021 respectively.
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