ABFRL's shares surged 10% after plans to demerge Madura Fashion, creating two distinct entities for growth.
Source: Moneycontrol
ABFRL stock hits Rs 232.85 with a 10% jump. Buyers abound, but no sellers – a sign of market excitement.
Source: Moneycontrol
Over 1.34 crore ABFRL shares traded at Rs 243 each, totalling an impressive Rs 322.5 crore.
Source: Moneycontrol
This strategic demerger paves the way for two robust, independently thriving entities with unique growth prospects.
Source: Moneycontrol
Post-demerger, ABFRL will zoom in on booming segments like luxury, ethnic wear, and digital-first Gen Z brands.
Source: Moneycontrol
ABFRL aims to bolster its balance sheet with growth capital within 12 months of the demerger, eyeing expansive opportunities.
Source: Moneycontrol