India’s retail giant Aditya Birla Fashion and Retail (ABFRL) will be raising up to Rs. 2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund.
GIC, a global institutional investor, will first invest Rs. 770 crore towards subscription of equity and warrants, followed by up to Rs. 1,425 crore in one or more tranches within 18 months upon exercise of warrants.
After investment, GIC will own around 7.5 per cent equity stake in ABFRL, while Aditya Birla Group will hold 51.9 per cent share.
ABFRL said in a statement that it will use the proceeds to accelerate its growth engine built around strength of its current businesses along with a rapidly evolving play in emerging high-growth business models.
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said “Indian apparel industry is set for robust long-term growth due to strong fundamentals of a large and growing middle class, favourable demographics, rising disposable incomes and aspiration for brands.”
He further added that he is delighted to welcome GIC as a long-term partner in the company’s exciting growth journey. An investment of this nature serves to underscore ABFRL’s strong position and dynamic growth model.
“This capital infusion will allow us to accelerate the growth of this platform of strong brands and well-established retail formats in the fast-growing branded apparel market & fortify our position as one of the leading players in the industry. We look forward to benefit from GIC’s extensive experience of investing in businesses globally and its long-term orientation as we plan to expand our presence and significantly enhance our digital play in the coming years to benefit from rapidly evolving consumer habits,” said Ashish Dikshit, MD, ABFRL.
Bharat Tex Special Report 2026 
