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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.

Aditya Birla group approves demerger of Madura business into a separate listed entity, to raise Rs 2500 cr in one year

The compant said as per the share entitlement ratio, once the demerger is completed, the shareholders of ABFRL will get one share of ABLBL for every one share in ABFRL, in addition to their existing shareholding in ABFRL.

Aditya Birla Fashion gets board nod for Madura demerger

Aditya Birla Fashion gets board nod for Madura demerger
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Aditya Birla Fashion share price: Aditya Birla Fashion shares zoom 10% on demerger news

ABFRL shares surged 10% on BSE as plans for Madura Fashion & Lifestyle s demerger into a separate entity were disclosed. The move aims to create two distinct companies for enhanced value creation opportunities in the fashion sector.

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