The proposed demerger and subsequent listing will enable the companies function as independent growth engines with distinct capital structures and parallel value creation opportunities, the Aditya Birla Group firm said in an exchange filing.
Aditya Birla Fashion and Retail Ltd. (ABFRL) announced on Monday its intention to assess the vertical demerger of its Madura Fashion & Lifestyle business from ABFRL into a separate listed company. The decision was made during the Board of Directors meeting, granting authorization to evaluate this strategic move.
Aditya Birla News: Aditya Birla Fashion and Retail Ltd. (ABFRL) announced on Monday its intention to assess the vertical demerger of its Madura Fashion & Lifestyle business from ABFRL into a separate listed company. The decision was made during the Board of Directors meeting, granting authorization to evaluate this strategic move.
Aditya Birla Fashion and Retail to spin off Madura Fashions into separate listed entity thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Aditya Birla Fashion to list flagship lifestyle brands as separate entity wabx.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wabx.net Daily Mail and Mail on Sunday newspapers.