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How to apply for Rights Issue of Aditya Birla Fashion and Retail Limited?

Posted On: 2020-07-13 14:50:08 (Time Zone: IST)

The Board of Directors of Aditya Birla Fashion and Retail Limited ["the Company"] have considered and approved the fund raising proposal through Rights Issue. The details of the rights issue including the terms, ratio and how to pay online are given below.
Rights Issue - Aditya Birla Fashion and Retail Limited
Issue Size 9,04,65,693 partly-paid up equity shares of face value of INR 10 each for amount aggregating to ~INR 995 Crore (assuming full subscription).
Issue Price Rs. 110 per fully paid-up equity share (including a premium of INR 100 per Equity Share)
On application Rs. 55 (Face Value: Rs. 5, Premium: Rs. 50)
On 1st call (January 2021) Rs. 27.5 (Face Value: Rs. 2.5, Premium: Rs. 25)
On 2nd call (July 2021) the balance Rs. 27.5 (Face Value: Rs. 2.5, Premium: Rs. 25)
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. (9:77)
Record Date Wednesday, July 1, 2020
Issue opens on Wednesday, July 8, 2020
Issue closes on Wednesday, July 22, 2020
Equity Capital before rights issue 77,39,84,262 Equity Shares of [face value of INR 10 each]
Equity Capital after rigths issue 86,44,49,955 Equity Shares of [face value of INR 10 each]

How to apply for the rights issue online?

To make the payment through R-WAP click on this link -

Key in data under Shareholders Details tab

- Select the Company Name from the drop down
- Select DP/Client ID or Folio Number or Renouncee
- Input the PAN Number as per PAN card
- Resident Type should be Resident Indian
- Enter your mobile number
- Enter a valid e-mail id

Investment Details tab

The shareholder name, number of shares held as on record date and number of shares entitled will be pre-filled.

Enter the application number if you have it.

Enter the number of shares you want to apply.

The application amount will be pre-filled based on the number shares entered.

Enter the details on Bank Details tab

- Select either Net Banking or UPI as per your fund transfer option
- Select the name of the bank from the drop down
- Enter the IFSC code of the bank
- Enter the Name of the account holder
- Select the account type (Single / Joint)
- Enter the Bank account number
- Re-enter the Bank account number

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.121.35 as compared to the previous close of Rs. 123.8. The total number of shares traded during the day was 92489 in over 2017 trades.

The stock hit an intraday high of Rs. 124.7 and intraday low of 120.7. The net turnover during the day was Rs. 11327454.

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