Aditya Birla Fashion and Retail Ltd allots 996022 shares

Pursuant to the Composite Scheme of Arrangement amongst the Company, Aditya Birla Nuvo Limited ('ABNL'), Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors, the Company has allotted 9,96,022 Equity Shares of Rs. 10/- each ('said Shares'), to Non-resident (Repatriable) Shareholders of ABNL, under Lot 8, on April 4, 2017.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company has increased from Rs. 7,70,52,71,540 (i.e. 77,05,27,154 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,71,52,31,760 (i.e. 77,15,23,176 Fully Paid-up Equity Shares of Rs. 10/- each).

The said Equity Shares rank pari passu in all respects with the existing Equity Shares of the Company.

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.156.15 as compared to the previous close of Rs. 153.8. The total number of shares traded during the day was 37979 in over 770 trades.

The stock hit an intraday high of Rs. 157.75 and intraday low of 153.85. The net turnover during the day was Rs. 5926817.

Source : Equity Bulls

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