US EditionABFRL Demerger: Is Aditya Birla Fashion Share Price Really 66% Down as the Spin-Off Kicks in? Explained
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3 Articles
ABFRL Demerger: Is Aditya Birla Fashion share price really 66% down as the spin-off kicks in? Explained
Aditya Birla Fashion share price declined over 66 per cent from its last closing price on Thursday as May 22 marks the record date for the company's demerger of its Madura Fashion & Lifestyle business into a separate listed entity.
On Thursday (22 May 2025), shares of Aditya Birla Fashion started trading at a 66 percent lower price. The reason behind this is the separation of Mudra Fashion and Lifestyle business from Aditya Birla Fashion. The date of 22 May was fixed as the record date for this demerger. After the demerger, shares of Aditya Birla Fashion opened at ₹97 on Thursday. The company's shares on Wednesday closed at Rs. 269.15. On Thursday, the company's shares rea…
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