Aditya Birla Fashion and Retail Ltd approves allotment of 28674 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, the Company has allotted 28,674 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Repatriable Shareholders of ABNL on Non-Repatriable basis, under Lot 3 on October 07, 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. 7,69,09,36,840 (76,90,93,684 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,69,12,23,580 (76,91,22,358 Fully Paid-up Equity Shares of Rs. 10/- each).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.142.95 as compared to the previous close of Rs. 144.5. The total number of shares traded during the day was 43825 in over 717 trades.

The stock hit an intraday high of Rs. 146 and intraday low of 142.15. The net turnover during the day was Rs. 6297115.

Source : Equity Bulls

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