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    ABFRL — Aditya Birla Fashion and Retail News Story

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    Brief: Aditya Birla Fashion And Retail Approves Demerger Of Madura Business Into A Separate Listed Entity

    Picture of Aditya Birla Fashion and Retail logoAditya Birla Fashion and Retail
    19/04/2024 13:07
    April 19 (Reuters) - Aditya Birla Fashion and Retail Ltd
 ADIA.NS :
    * APPROVES DEMERGER OF MADURA BUSINESS INTO A SEPARATE
LISTED
ENTITY
    * ABFRL PLANS TO RAISE 25. BILLION RUPEES EQUITY CAPITAL
WITHIN 12
MONTHS OF DEMERGER WITH PROMOTER PARTICIPATION
    * UPON COMPLETION, ALL SHAREHOLDERS OF ABFRL WILL HAVE
IDENTICAL
SHAREHOLDINGS IN BOTH COMPANIES
    * UPON COMPLETION OF DEMERGER, SHAREHOLDERS OF ABFRL WILL
GET ONE
SHARE OF ABLBL FOR EVERY ONE SHARE IN ABFRL
    * POST DEMERGER, TWO LISTED COMPANIES WILL BE ADITYA BIRLA
LIFESTYLE BRANDS, ADITYA BIRLA FASHION AND RETAIL

Source text for Eikon:  ID:nBSE3rpVnx 
Further company coverage:  ADIA.NS 

 ((Reuters.Briefs@thomsonreuters.com;;))

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