Aditya Birla Lifestyle Brands stocks lists at Rs 167 on NSE

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Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) got listed at Rs 167 apiece on NSE and at Rs 167.75 on BSE on June 23, following its demerger from Aditya Birla Retail and Fashion Limited (ABFRL). The discovered price was Rs 171 per share.

The stock will be placed in the list of T Group of Securities and will be in the Trade-for-Trade segment for 10 trading day, said BSE.

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Under the scheme of arrangement, ABFRL has demerged its Madura Fashion & Lifestyle (MFL) business and vested it into Aditya Birla Lifestyle Brands.

Shareholders, who had shares of Aditya Birla Fashion as of closing on May 21, will be eligible to avail shares of the demerged entity.

Shareholders of Aditya Birla Fashion will be eligible to receive one share of the demerged entity, Aditya Birla Lifestyle Brands Ltd., for every one share that they own as of the record date.

The western wear legacy brands, growth brands like Reebok, American Eagle and Van Heusen innerwear will all be housed under the demerged entity, Aditya Birla Lifestyle Brands Ltd.

Brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, will also be part of the demerged entity.

Aditya Birla Fashion and Retail will house brands like Pantaloons, the Ethnic Segment housed under TCNS Clothing, designer brands of Sabyasachi, Tarun Tahiliani, Masaba, Shantanu-Nikhil, Premium brands like Tasva, Jaypore, and luxury retail brands like The Collective.