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Aditya Birla Fashion and Retail gets nod for demerger of Madura business into separate listed entity

20 Apr 2024 Evaluate

Aditya Birla Fashion and Retail (ABFRL) has received approval for vertical demerger of Madura Fashion and Lifestyle business (MFL Business) from ABFRL into a newly incorporated company named  Aditya Birla Lifestyle Brands (ABLBL), which will be listed separately on completion of the demerger.

The demerger is expected to unlock significant value for the shareholders of ABFRL as each of the listed entities will have their own distinct capital structures, independent growth trajectories and value creation opportunities. The demerger will be implemented through an NCLT scheme of arrangement and upon its completion, all shareholders of ABFRL will have identical shareholdings in both the companies. The Board of Directors of the company, at its meeting held on April 19, 2024, has approved the same 

Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company's brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.


Aditya Birla Fashion Share Price

64.24 0.40 (0.63%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4629.25
Trent 4105.95
Vishal Mega Mart 118.90
Aditya Birla Lifesty 105.86
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