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Aditya Birla Fashion and Retail stock price today: ABFRL shares zoom 10% on demerger news
![IndiaTimes]()
Tuesday, 2 April 2024
ABFRL shares rose by 10% to Rs 232.85 on BSE following the announcement of a potential vertical demerger of Madura Fashion & Lifestyle business. The demerger aims to create two independent companies focusing on branded segments, premiumization, luxury brands, and digital-first Gen Z brands. Post-demerger, ABFRL will emphasize high-growth areas and raise growth capital for future endeavors.
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Tuesday, 2 April 2024
