India's Aditya Birla Fashion to raise $500m by selling stake to Fidelity, others

India's Aditya Birla Fashion to raise $500m by selling stake to Fidelity, others

Indian hundred rupee notes rolled in a bundle. Photo: Rupixen/Unsplash

India’s Aditya Birla Fashion and Retail will raise $500 million by selling shares, including to US investment firm Fidelity, the retailer said on Wednesday.

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