2024-04-02 06:35:03
Aditya Birla Fashion proposes to demerge Madura Fashion business into separate listed entity
New Delhi, April 1 (IANS) The Board of Directors of Aditya Birla Fashion (NS:ADIA) and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate listed company.The proposed demerger will enable the creation of two separately listed companies as independent growth engines with distinct capital structures and parallel value creation opportunities, ABFRL said.