Aditya Birla Fashion and Retail Limited (ABFRL) after the market hours on May 19, 2022 announced that a meeting of the board of directors of the company will be held on Tuesday, 24 May 2022 to consider proposal for capital raising. The company's board will consider fund raising through issue of equity shares, convertible bonds, warrants, debentures or any other securities, through permissible modes including but not limited to a qualified institutions placement, preferential allotment, rights issue, further public offer, etc. ABFRL is part of a leading Indian conglomerate, the Aditya Birla Group.

It is India's first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats.