Aditya Birla Fashion and Retail Ltd approves allotment of 206439 Equity Shares

Pursuant to the Composite Scheme of Arrangement amongst Aditya Birla Fashion and Retail Ltd, Aditya Birla Nuvo Limited ("ABNL"), Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors, the Company has allotted 206,439 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Repatriable Shareholders of ABNL on Non-Repatriable / Residential basis, under Lot 5 on December 05, 2016. The said Shares 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. 7,69,21,50,620 (i.e. 76,92,15,062 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,69,42,15,010 (i.e. 76,94,21,501 Fully Paid-up Equity Shares of Rs. 10/- each).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.138.15 as compared to the previous close of Rs. 140.2. The total number of shares traded during the day was 48595 in over 876 trades.

The stock hit an intraday high of Rs. 141.9 and intraday low of 137.5. The net turnover during the day was Rs. 6731577.

Source : Equity Bulls

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