<ul><li>Aditya Birla Fashion and Retail closed 3.01% lower at Rs 277.45 apiece on the NSE on Tuesday.</li><li>May 22 is the last day for investors to buy shares under the T+1 settlement cycle to qualify for receiving equity in the new company after the demerger of its Madura Fashion and Lifestyle business.</li><li>Aditya Birla Fashion and Retail will issue one Aditya Birla Lifestyle Brands Ltd. share for every share held on May 22.</li><li>Post-demerger, Aditya Birla Lifestyle Brands will include various brands like Louis Phillippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Reebok, and Van Heusen innerwear business.</li></ul>

Aditya Birla Fashion And Retail Demerger: Last Day To Buy Shares Before Lifestyle Brands Spinoff

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