Allan Gray, ACC buy into KMD offer as Briscoe taps out
Heavily discounted rights issue halves Briscoe holding.
KMD announced a $65.3 million capital raise last month.
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Disclosures by KMD Brands show several institutional shareholders increased their stakes through the retailer’s heavily discounted capital raise, while fellow retailer Briscoe Group declined to invest.
The $65.3 million raise, structured as a $6.8m placement and a $58.5m rights issue, offered
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