Aditya Birla Fashion and Retail Ltd allots 21290 Equity 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, Aditya Birla Fashion and Retail Ltd has allotted 21,290 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Public Shareholders of ABNL holding shares on Repatriable basis, under Lot 2 on September 23, 2016. The said Shares shall rank pari passu in all respects with the existing Equity Shares of the Company.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company has increase from Rs. 7,69,07,23,940/- (76,90,72,394 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,69,09,36,840/- (76,90,93,684 Fully Paid-up Equity Shares of Rs. 10/- each).

Shares of Aditya Birla Fashion and Retail Ltd. was last trading in BSE at Rs.137.3 as compared to the previous close of Rs. 141.9. The total number of shares traded during the day was 139929 in over 2219 trades.

The stock hit an intraday high of Rs. 143.5 and intraday low of 136.55. The net turnover during the day was Rs. 19536414.

Source : Equity Bulls

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