Strategic demerger: ABFRL splits to create Aditya Birla Lifestyle Brands Ltd.
Aditya Birla Fashion and Retail Ltd. (ABFRL), in a significant corporate restructuring move, has announced the vertical demerger of its Madura Fashion and Lifestyle business into a new entity, Aditya Birla Lifestyle Brands Ltd. (ABLBL). This decision, approved by ABFRL’s Board of Directors, aims to enhance shareholder value by establishing two distinct companies, each with […]