Aditya Birla Fashion and Retail Ltd approves allotment of 92704 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 92,704 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Repatriable Shareholders of ABNL on Non-Repatriable / Residential basis, under Lot 4 on November 09, 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 increased from Rs. 7,69,12,23,580 (i.e. 76,91,22,358 Fully Paid-up Equity Shares of Rs. 10/-each) to Rs. 7,69,21,50,620 (i.e. 76,92,15,062 Fully Paid-up Equity Shares of Rs. 10/- each).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.150.7 as compared to the previous close of Rs. 147.7. The total number of shares traded during the day was 74679 in over 1177 trades.

The stock hit an intraday high of Rs. 151.5 and intraday low of 149. The net turnover during the day was Rs. 11212590.

Source : Equity Bulls

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