Aditya Birla Fashion And Retail Allots 3,200 Equity Shares As ESOPs
Aditya Birla Fashion and Retail (ABFRL) allots 3,200 equity shares with a face value of Rs 10 each to employees under the Employee Stock Option Scheme 2017, the company announced on Thursday.
Prior to Aditya Birla Group acquiring the Indian fashion retail company, it was known as Pantaloons fashion and retail. With the allotment of shares, the paid-up equity share capital of ABFRL will undergo an increase in its current value signifying a positive movement in the company’s stock price.
The rise in the paid-up capital show that the additional funds raised by the fashion retail company will be used across various business functions and towards expanding the operations.
