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.
Foreign portfolio investors increased stake in One97 Communications, parent company of Paytm, by over 2 percentage points to 20.64 per cent in the March 2024 quarter.
PEL, Balrampur Chini Mills, NALCO, Tata Chemicals, GNFC, Aditya Birla Fashion and Retail may enter the ban list as these stocks are near the 95 percent MWPL.
Indian shares were seeing modest gains in cautious trade on Wednesday ahead of the release of key U.S. inflation readings and the minutes of Fed's March policy meeting.