Shares of Aditya Birla Fashion and Retail adjusted post demerger with its lifestyle brand—Aditya Birla Lifestyle Brands Ltd., with a demerger ratio of 1:1.
The record date for the demerger was set as May 22, determining eligible shareholders for the split, leading to a share price adjustment on the same day.
Aditya Birla Lifestyle Brands will be listed separately on NSE and BSE, encompassing popular brands like Louis Phillippe, Van Heusen, Allen Solly, and more.
Aditya Birla Fashion and Retail shares fell over 67% post the demerger announcement, reaching Rs 88.80 apiece, marking the lowest level since April 9.