Abfrl News Today

"Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

Stocks that were in focus include names like CEAT, which fell 2.93%, Coforge, which was down 10.03%, and ABFRL, whose shares dropped 3.43% on Friday.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%.

ABFRL plans to raise Rs 2,500 crore equity capital

India Business News: ABFRL approves demerger of Madura Fashion & Lifestyle, plans Rs 2,500 crore equity raise via NCLT scheme. Identical shareholders post-demerger for val

ABFRL plans to raise Rs 2500 crore by splitting its retail business, creating ABLBL with brands like Louis Phillippe, Peter England, and Sabyasachi. The demerger aims to unlock value and support growth through equity raise.

ABFRL plans to raise Rs 2500 crore by splitting its retail business, creating ABLBL with brands like Louis Phillippe, Peter England, and Sabyasachi. The demerger aims to unlock value and support growth through equity raise.

Upon completion of the demerger, the shareholders of ABFRL will get one share of ABLBL (now Madura Fashion and Lifestyle) for every one share in ABFRL, in addition to their existing shareholding in ABFRL.

Stocks to watch: Shares of firms like Maruti, Axis Bank, Paytm, Patanjali, Lupin, ABFRL, and others will be in focus on Wednesday's trade.

Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering "unconditional, unqualified" apologies.