demerger Archives - Topnewsplus

Aditya Birla Fashion Demerger: Stock crashes 66% as Madura demerger takes effect; What investors need to know

Topnewsplus3 months ago04 mins

Aditya Birla Fashion and Retail Ltd (ABFRL) saw a spectacular 66 per cent drop in its share price on May 22 as the company carried out the much-awaited demerger of its Madura Fashion & Lifestyle (MFL) business into a separately listed company — Aditya Birla Lifestyle Brands Ltd (ABLBL). The stock fell to Rs 88.80…

HUL Demerger: What investors should know about Kwality Wall’s ice cream business

Topnewsplus4 months ago03 mins

Following approval from the BSE and NSE to move forward with the demerger of its ice cream business into a new entity — Kwality Wall’s (India) Limited (KWIL) — Hindustan Unilever (HUL) is in the news. It is anticipated that the move will increase shareholder value and provide investors with direct access to the rapidly…