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Image Credit: Bloomberg Quint

Aditya Birla Fashion And Retail Shares Adjust Post Demerger With Lifestyle Brands

  • 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.

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