Aditya Birla Fashion & Retail shares in focus on May 22 record date for demerger.
Shareholders to get 1 share of Aditya Birla Lifestyle Brands for every ABFRL share held.Post demerger every ABFRL shareholder will get equal number of share of newly formed company aditya birla lifestyle brand ltd.
So after the demerger it’s opened at Rs98 but due to selling pressure from nifty index it is currently trading at Rs 90 almost 8% down from it’s opening price of Rs 98.
For the long run prospective it’s going to be the best decision for it’s shareholders as large scale of value is now unlocked.