Shares of Aditya Birla Fashion and Retail rose 2.30% in Friday’s session to trade at ₹261.81 as of 9:28 am. This came after the National Company Law Tribunal (NCLT) gave its nod to the company’s Scheme of Arrangement with Aditya Birla Lifestyle Brands Limited.
The tribunal approved the scheme under Sections 230 and 232 of the Companies Act, 2013, allowing the demerger of the Madura Fashion and Lifestyle (MFL) business from Aditya Birla Fashion into a separate entity — Aditya Birla Lifestyle Brands. The move aims to create two focused entities to pursue distinct growth trajectories, improve operational efficiency, and unlock shareholder value.
According to the tribunal order, dated March 27, 2025, the rationale behind the scheme is to segregate the strong and consistent-performing MFL business into a separately listed entity to better align strategic objectives, attract tailored investor interest, and enhance capital allocation clarity. The appointed date for the demerger is April 1, 2024.
As of the time of reporting, the stock had touched an intraday high of ₹265.37 and a low of ₹259. The market capitalization stood at ₹319.77 crore. The stock’s 52-week range is ₹202.95 to ₹364.40.
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