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Aditya Birla Fashion and Retail gains on board nod to Madura demerger

ABFRL plans to raise Rs 2,500 crore equity capital

Aditya birla fashionMadura fashionLifestyle businessAditya birla lifestyleBirla lifestyle brandsAditya birla fashion and retail

Aditya Birla group approves demerger of Madura business into a separate listed entity, to raise Rs 2500 cr in one year

The compant said as per the share entitlement ratio, once the demerger is completed, the shareholders of ABFRL will get one share of ABLBL for every one share in ABFRL, in addition to their existing shareholding in ABFRL.

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