Mumbai, June 23 -- The stock listed at Rs 167 on the NSE, lower than the discovered price of Rs 170.95, and at Rs 167.15 on the BSE, versus a discovered price of Rs 172.15.
Aditya Birla Lifestyle Brands successfully listed on BSE and NSE early this morning, completing the demerger of Aditya Birla Group's fashion business into two independent listed entities with distinct value creation trajectories.
Under the scheme of arrangement, Aditya Birla Fashion & retail (ABFRL) has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle Brands. Shareholders of ABFRL will receive one share of Aditya Birla Lifestyle Brands for every share held in ABFRL as of the record date.
ABLBL is now poised to operate wi...