vimarsana.com

Latest Breaking News On - Abfrl demerger - Page 1 : vimarsana.com

ABFRL board approves Madura Fashion business demerger into separate listed entity

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.

abfrl demerger: Aditya Birla Fashion approves Madura business demerger into separate listed entity

Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.