Aditya Birla Fashion Retail gets NCLT nod for demerger

Aditya Birla Fashion and Retail Limited (ABFRL) has secured the green light from the Mumbai bench of the National Company Law Tribunal (NCLT) for its scheme of arrangement involving the demerger of its Aditya Birla Lifestyle Brands Limited (ABFRL) The scheme involves separating the MFL Business from the Remaining Business of the Demerged Company and demerge it into the Resulting Company. As part of the arrangement, equity shareholders of ABFRL will receive one equity share of the resulting company, Aditya Birla Lifestyle Brands Limited, for every one share held in ABFRL. The appointed date for the scheme is April 1, 2024. NCLT had ordered ABFRL NCNCRPS to be adjusted into ADITYA BIRLA LIFESTYLE. The demerger aims to create distinct investment profiles, unlock value for shareholders, and allow for sharper strategic focus within both the remaining ABFRL business and the newly listed entity. The order was issued on March 27, 2025 and received by the company on April 22, 2025.