ABFRL Lifestyle Demerger: Shares Tank 67% as Market Reacts to Spin-Off of Aditya Birla Lifestyle Brands
Aditya Birla Fashion and Retail Ltd (ABFRL) witnessed a sharp decline in its stock price on May 22, falling 66.88% to Rs 89.15, as the stock turned ex-demerger following the long-awaited spin-off of its lifestyle brands business into a newly listed entity — Aditya Birla Lifestyle Brands Ltd (ABLBL). The …