Aditya Birla Fashion and Retail Company is planning to raise Rs 750 crore on or after 4 September through debt bonds.

The company said in an exchange filing that it will raise funds on a private placement basis.

They added that the company plans to raise funds by issuing 75,000 listed, rated, unsecured, redeemable, non-convertible debentures with a face value of Rs 1,00,000 each, aggregating to Rs 7,50,00,00,000 on a private placement basis.

In a separate filing, the company said that it had completed the acquisition of a 29% stake in TCNS Clothing Co Ltd under the open offer.

The purchased stake of 29% is estimated to be over Rs 941 crore.

As per an earlier announcement, Aditya Birla Fashion had acquired a 51% stake in TCNS Clothing for about Rs 1,650 crore.

At 12:24 pm, the shares of Aditya Birla Fashion were trading at Rs 218.15 or 0.64% below its previous close.