Latest news with #AdityaBirlaLifestyleBrandsLtd
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Business Standard
23-06-2025
- Business
- Business Standard
Aditya Birla Lifestyle Brands lists on stock exchanges post demerger
The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent Press Trust of India New Delhi Shares of Aditya Birla Lifestyle Brands Ltd (ABLBL) made its market debut on Monday post demerger. The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent. On the NSE, the stock began trading at Rs 167. Shares of the firm ended at Rs 159, lower by 4.79 per cent. The company's market valuation stood at Rs 19,451.50 crore. "Trading members of the exchange are hereby informed that effective from June 23, 2025, the equity shares of Aditya Birla Lifestyle Brands Ltd are listed and admitted to dealings on the exchange in the list of 'T' Group Securities," according to an update by the BSE. ABLBL was demerged from Aditya Birla Fashion and Retail in May this year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Mayor
02-05-2025
- Business
- Business Mayor
Ashish Dikshit appointed as MD of Aditya Birla Lifestyle Brands
New Delhi: Aditya Birla Fashion and Retail Ltd on Thursday said its Managing Director Ashish Dikshit has been appointed as Managing Director of demerged entity Aditya Birla Lifestyle Brands Ltd in addition to his current position. The board of directors of Aditya Birla Lifestyle Brands Ltd at its meeting held on Thursday has approved the appointment of Ashish Dikshit as Managing Director, in addition to his current position as Managing Director of Aditya Birla Fashion and Retail Ltd, the company said in a regulatory filing. Further, the Aditya Birla Lifestyle Brands board also approved the appointment of Vishak Kumar as Deputy Managing Director and Chief Executive Officer, it added. Their appointments are with effect from May 1, 2025, subject to the regulatory and other necessary approvals, the filing said. Dikshit has over 30 years of experience in diverse roles across industries and functions. He started his career at Asian Paints before moving to Madura Fashion and Lifestyle, where he worked in its various functions, ranging from sales, brand management, supply chain and sourcing over 15 years, the filing said. He was appointed President of its Lifestyle (MFL) Business in 2007 and went on to become its CEO in 2012. In February 2018, he took over as the Managing Director of Aditya Birla Fashion and Retail Ltd. He is an alumnus of IIT-Madras (Electrical Engineering), IIM-Bangalore (MBA) and Harvard Business School (Advanced Management Program). Read More Electric Pickup Trucks: Redefining Robust Rigs Kumar was CEO of Madura Fashion & Lifestyle (MFL), a business unit of Aditya Birla Fashion and Retail Ltd. He joined the Madura business in 1995 as a management trainee. During his 30-year-long stint, he has worked across functions and occupied various roles in sales, marketing and retail, the filing said. Prior to his stint as CEO of Madura, he was the CEO of Aditya Birla Retail Ltd, where he was instrumental in transforming the 'More' Supermarket and Hypermarket business, it added. READ SOURCE
