Aditya Birla Fashion and Retail Limited has informed the Exchange that Record date for the purpose of Intimation of Record Date under the Scheme of Arrangement amongst Aditya Birla Fashion and Retail Li is 22-May-2025.
ABFRL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aditya Birla Fashion and Retail Limited (ABFRL) has fixed Thursday, May 22, 2025 as the record date for its demerger scheme, under which the lifestyle brands business will be transferred to Aditya Birla Lifestyle Brands Limited (ABLBL). Under the sanctioned scheme, ABFRL shareholders will receive 1 equity share of ABLBL (face value Rs. 10) for every 1 equity share of ABFRL (face value Rs. 10) held as on the record date. The shares of ABLBL are proposed to be listed on BSE and NSE, subject to regulatory approvals. The NCLT-sanctioned scheme marks an important step in the demerger process, with eligible shareholders set to directly receive shares of the new entity.
ABFRL shareholders who hold shares as of May 22, 2025 will be entitled to receive ABLBL shares on a 1:1 basis, effectively unlocking value through the listing of the demerged lifestyle brands business. Investors need to be invested by the record date to qualify, and the share price of ABFRL may adjust to reflect the value of the demerged entity ahead of the record date.