Aditya Birla Fashion and Retail Ltd allots 28501 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 28,501 (Twenty Eight Thousand Five Hundred and One) Equity Shares of Rs. 10/- each ('said Shares'), to Non-resident (Repatriable) Shareholders of ABNL, under Lot 9, on August 16, 2017.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company has increased from Rs 7,71,59,73,180 (i.e. 77,15,97,318 Fully Paid-up Equity Shares of Rs 10/- each) to Rs 7,71,62,58,190 (i.e. 77,16,25,819 Fully Paid-up Equity Shares of Rs 10/- each).

The said Equity Shares rank pari passu in all respects with the existing Equity Shares of the Company.

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.173.35 as compared to the previous close of Rs. 164.5. The total number of shares traded during the day was 99968 in over 1107 trades.

The stock hit an intraday high of Rs. 176.7 and intraday low of 163.5. The net turnover during the day was Rs. 17023275.

Source : Equity Bulls

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