Aditya Birla Fashion and Retail Limited has informed the Exchange regarding 'Apportionment of cost of acquisition of Equity Shares of Aditya Birla Fashion and Retail Limited ( Demerged Company / Company ) and Aditya Birla Lifestyle Brands Limited ( Resulting Company / ABLBL )'.
ABFRL · price
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ABFRL has informed shareholders about how to split their original purchase cost of shares between the parent company (ABFRL) and the newly demerged entity (Aditya Birla Lifestyle Brands Limited - ABLBL). The NCLT Mumbai Bench sanctioned the demerger scheme on March 27, 2025, and the record date is set as May 22, 2025. Shareholders will receive 1 equity share of ABLBL (face value Rs 10) for every 1 share held in ABFRL. Of the original cost of acquisition, 75.68% will be attributed to ABFRL shares and 24.32% to ABLBL shares. The demerger qualifies under Section 2(19AA) of the Income Tax Act, making it tax-neutral for shareholders.
Existing ABFRL shareholders will automatically receive ABLBL shares in their demat accounts and should update their cost-of-acquisition records for both stocks to remain tax-compliant on future sales. This formal cost split helps shareholders accurately calculate capital gains when they eventually sell either ABFRL or ABLBL shares.