Aditya Birla Fashion and Retail demerger: Why does it seem that ABFRL shares plunged 67%? Here’s what’s happened

Aditya Birla Fashion and Retail (ABFRL) shares plummeted by 67% following the demerger of its Madura Fashion & Lifestyle operations into Aditya Birla Lifestyle Brands Ltd (ABLBL). Shareholders will receive one ABLBL share for each ABFRL share held. https://ift.tt/pz94M1b