Aditya Birla Fashion and Retail Ltd approves allotment of 346552 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 3,46,552 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident (Repatriable) Shareholders of ABNL on Non - Repatriable Basis, under Lot 6 on January 06, 2017. 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. 7,69,88,56,140 (i.e. 76,98,85,614 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,70,23,21,660 (i.e. 77,02,32,166 Fully Paid-up Equity Shares of Rs. 10/- each).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.140.05 as compared to the previous close of Rs. 140.4. The total number of shares traded during the day was 17778 in over 515 trades.

The stock hit an intraday high of Rs. 141.1 and intraday low of 139.5. The net turnover during the day was Rs. 2490647.

Source : Equity Bulls

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