&w=3840&q=100)
Why did ABFRL share price crash 67% to ₹88 from ₹269 in trade today?
The ex-demerger date is the date on which a stock starts trading without the value of the demerged entity.
"We wish to inform you that, in accordance with the terms of the Scheme, Thursday, May 22, 2025 has been fixed as the "Record Date' for the purpose of ascertaining the equity shareholders of the Company who will be entitled to be issued equity shares of Aditya Birla Lifestyle Brands pursuant to the Scheme.
The filing further informed that according to the approved scheme, shareholders of the company will receive 1 fully paid-up share of Aditya Birla Lifestyle Brands (face value ₹10) for every 1 fully paid-up share of Aditya Birla Fashion and Retail (face value ₹10) they hold as of the record date.
At 11:40 AM, ABFRL shares were down 5.21 per cent at ₹91.95 per share on the BSE. In comparison, the BSE Sensex was down 1.01 per cent at 80,775.13. The market capitalisation of the company stood at ₹11,195.95 crore. The 52-week high of the stock was at ₹364.5 per share and the 52-week low of the stock was at ₹88.8 per share.
ABFRL demerger details:
Last year, ABFL's board approved the demerger of Madura Fashion and Lifestyle (MFL) division into a separate company named Aditya Birla Lifestyle Brands.
The MFL business includes four lifestyle brands-- Louis Phillippe, Van Heusen, Allen Solly and Peter England along with casual wear brands-- American Eagle and Forever 21, sports wear brand Reebok and the innerwear business under the Van Heusen brand.
Second, the demerger will result in better and more efficient control and management for the segregated businesses, operational rationalisation, organisation efficiency and optimum utilisation of various resources.
About ABFRL
Maharatna ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 per cent of Indian domestic production. It has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
19 minutes ago
- Economic Times
Stock market update: Nifty Auto index falls 0.37%
NEW DELHI: The Nifty Auto index closed on a negative note on Monday. ADVERTISEMENT Shares of Samvardhana Motherson International Ltd.(up 1.54 per cent), Hero MotoCorp Ltd.(up 1.43 per cent), Bosch Ltd.(up 1.08 per cent), TVS Motor Company Ltd.(up 0.89 per cent) and Ashok Leyland Ltd.(up 0.66 per cent) ended the day as top gainers in the pack. On the other hand, Tube Investments of India Ltd.(down 2.34 per cent), Bharat Forge Ltd.(down 1.29 per cent), Mahindra & Mahindra Ltd.(down 1.13 per cent), MRF Ltd.(down 0.95 per cent) and Eicher Motors Ltd.(down 0.87 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.37 per cent down at 23693.0. Benchmark NSE Nifty50 index ended down 156.1 points at 24680.9, while the BSE Sensex stood down 572.07 points at 80891.02. Among the 50 stocks in the Nifty index, 16 ended in the green, while 34 closed in the red. ADVERTISEMENT Shares of Vodafone Idea, Ola Electric Mobilit, PC Jeweller, Indian Energy Exchg and Suzlon Energy were among the most traded shares on the NSE. Shares of Vimta Labs, Sudarshan Chemical, Times Guaranty, CarTrade Tech and UPL (PP)hit their fresh 52-week highs in today's trade, while Stampede Cap, Future Consumer, Supreme Holdings, Supreme Engineering and Reliance Comm hit their fresh 52-week lows. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
20 minutes ago
- Hans India
With resilient overall Q1 growth, Indian economy 'steady as she goes' in FY26: Centre
New Delhi: The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals and with inflation remaining within the target range and monsoon progress on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, Finance Ministry's 'Monthly Economic Review for June 2025' said on Monday, adding that the economy has the look and feel of "steady as she goes" as far as the current fiscal (FY26) is concerned. India's macroeconomic fundamentals have remained resilient. Aided by robust domestic demand, fiscal prudence and monetary support, India appears poised to continue as one of the fastest-growing major economies, "with various forecasters, including S&P, ICRA, and the RBI's Survey of Professional Forecasters, projecting GDP growth rates for FY26 in the range of 6.2 per cent and 6.5 per cent", the monthly document emphasised. India's financial markets have demonstrated notable resilience, primarily driven by strong domestic investor participation. This resilience is further underpinned by the robust health of the banking sector, as banks have strengthened their capital and liquidity buffers while improving their asset quality. "Reflecting these improvements, the GNPA ratio and the NNPA ratio of the scheduled commercial banks are at a multi-decade low of 2.3 per cent and 0.5 per cent, respectively, complemented with strong earnings," the report said. India's economic activity in Q1 FY26 was underpinned by strong domestic demand, robust services growth, and encouraging signs from manufacturing and agriculture. Agricultural activity received a significant lift from a favourable southwest monsoon, which arrived early and has so far delivered above-normal rainfall. Fertiliser availability and reservoir levels are more than adequate, suggesting a strong outlook for the kharif sowing and harvest and consequent rural income and demand. "The agriculture sector's steady performance continues to serve as a stabilising pillar for the broader economy and bolsters the rural outlook. According to NABARD's rural sentiment survey, over 74.7 per cent of rural households expect income growth in the coming year, the highest since the survey's inception," the Economic Review noted. It further stated that the Indian economy in mid-2025 presents a picture of cautious optimism. While geopolitical tensions have not elevated further, the global slowdown, particularly in the US (which shrank by 0.5 per cent in Q1 2025), could dampen further demand for Indian exports. Continued uncertainty on the US tariff front may weigh on India's trade performance in the coming quarters. Slow credit growth and private investment appetite may restrict acceleration in economic momentum, the report highlighted. "In the medium term, given the ongoing momentous shifts in global supply chains in the areas of semiconductor chips, rare earths and magnets, India has its task cut out," it added.
Hans India
20 minutes ago
- Hans India
Oppo's AI Vision: Smartphones as Empathetic Partners, Not Replacements
Oppo is redefining the future of smartphones by positioning artificial intelligence (AI) as a collaborative tool that amplifies human potential, not one that competes with it. The company is actively investing in AI to transform the smartphone into an intelligent, empathetic assistant that complements daily life through intuitive, useful features. At the Mobile World Congress (MWC) 2025, Oppo introduced its enhanced AI strategy, with an ambitious goal to bring generative AI to 100 million users globally by the end of 2025. Peter Dohyung Lee, Head of Product Strategy at Oppo, emphasized India's importance in this vision. 'India is central to our goal of bringing GenAI to 100 million global users by 2025,' Lee told India Today Tech, highlighting the country's rapid AI adoption and tech-savvy consumer base. Since 2020, Oppo has been building its own large language models (LLMs), becoming the first smartphone brand to deploy a 7-billion-parameter LLM directly on a device. These efforts have led to the rollout of over 100 generative AI features across Oppo smartphones in 2024 alone. AI is deeply woven into Oppo's internal and product ecosystem. From features like HyperTone Image Engine for improved photography to intelligent battery optimization via SuperVOOC charging, AI enables a smarter, more personalized user experience. Internally, the company uses AI to enhance R&D, automate testing, and streamline development. 'Our goal is simple – AI for all,' said Lee. Oppo is democratizing AI by embedding it across all product tiers, not just premium devices. The recently launched Reno 14 series is a testament to this, integrating advanced tools such as AI Eraser 2.0, AI Best Face, and productivity boosters like AI Voice Scribe and AI Translate. Strategic collaborations with global tech leaders such as Google, Microsoft, MediaTek, and Qualcomm are helping Oppo push the boundaries of mobile AI. For instance, Google's Gemini is now integrated into Oppo's ecosystem, enabling users to perform complex tasks using natural language across apps. Microsoft's Azure AI brings improved transcription services and will soon allow PC users to control connected Oppo smartphones using Copilot. Oppo also stresses data privacy, investing heavily in encryption, firewalls, and on-device processing to ensure responsible AI implementation. 'AI means more data, but it also means more responsibility,' Lee remarked, underlining the brand's commitment to user trust. The Indian market, with over 690 million users, plays a critical role in this expansion. Lee observed that Indian consumers expect flagship-grade features even in mid-tier phones, which aligns with Oppo's mission to make GenAI features broadly accessible. 'The future is not about humans vs AI, but it's about humans and AI,' Lee concluded. As smartphones evolve into context-aware, real-time collaborators, Oppo envisions a future where AI enriches creativity, communication, and everyday convenience—always with empathy and user control at the forefront.
