Announced Wed, 23 Apr · 15:25 IST

Aditya Birla Fashion and Retail Limited has informed the Exchange Effective date of Scheme of Arrangement among Aditya Birla Fashion and Retail Limited ( Demerged Company / ABFRL ),Aditya Birla Lifestyle Brands Limited ( Resulting Company / ABLBL ) and their respective shareholders and creditors ( Scheme )

Nclt Scheme FiledStrategic Transactions View source PDF

ABFRL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Aditya Birla Fashion and Retail Limited (ABFRL) has informed the stock exchange about the effective date of its Scheme of Arrangement involving ABFRL as the Demerged Company and Aditya Birla Lifestyle Brands Limited (ABLBL) as the Resulting Company. This means the demerger plan — separating ABLBL from ABFRL — has formally come into effect on the notified date. The scheme involves ABFRL, ABLBL, and their respective shareholders and creditors. With the effective date now declared, the corporate restructuring steps such as allotment of shares, creditor settlements, and statutory filings will follow. Shareholders should expect further communication on record dates, share entitlement, and listing of resulting entity shares.

Likely market impact

Shareholders of ABFRL will likely receive shares of ABLBL in proportion to their holdings as per the scheme. The stock may see short-term volatility around the record date, and the demerger is expected to unlock value by giving investors a focused play on the Lifestyle Brands business.