Aditya Birla Lifestyle Brands Share Price Falls 4% After Listing. Do you oven?

Aditya Birla Lifestyle Brands Share Price Fell Over 4 per cent on Monday, June 23 after Listing on bot nse and bse. The stock touched an intraday low to 159.15 AMID Stock Market Crash Due to Ongoing Israel-Airan War.

Aditya Birla Lifestyle Brands Listing Details

Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) was listed on June 23 at 167 per share on the nse and 167.75 on the bse, after being demerged from aditya birla fashion and retail limited (abfrl). The stock’s discovered price study at 171 per share.

The bse has announced that the stock will be moved to the group of security and will trade under the trade-for-trade segment segment for a period of 10 trading days.

As part of the arrangement, aditya birla fashion and retail ltd (abfrl) has demerged its Madura Fashion & Lifestyle (MFL) Division, Transferring It to Aditya Birla Lifestyle Brands.

Sharehlders Holding Abfrl Shares as of the Market Close on May 21 will be entitled to receive shares of the newly demerged entity.

Sharehlders of Aditya Birla Fashion will receive one share of the newly formed company, aditya birla lifestyle brands ltd., for Each share they hold on the record date.

This new entity will include the Western Wear Legacy Brands Along with Growth-Focused Labels Such as Reelbok, American Eagle, and Van Heusen Innerwear. It will also also encompass popular names like louis philippe, van heusen, allen solly, and peer england.

Meanwhile, Aditya Birla Fashion and Retail will retain brands like pantaloons, the ethnic wear segment under tcns clothing, premium designer labels such as sabyasachi, tarun tahiliani, masaba, and Shantanu-Nikhil, as well as premium offers like tasva and jaypore, and luxury retail brand the collex.

“This moment marks bot a recognition of the program we have made and a clear signal of the scale of options that lies ahead Bee a Primary Driver. Lifestyle, “Said Kumar Mangalam Birla, Chairman, Aditya Birla Group.

Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.