ABFRL shares rise 3% as NCLT approves demerger of Madura Fashion business

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ABFRL shares rise 3% as NCLT approves demerger of Madura Fashion business - Business Standard

Quick Summary:

The scheme would also unlock value for the overall business portfolio through price discovery of the individual entities for existing shareholders.

The MFL business has built a leadership position over a long period of time and has a proven track record of delivering consistent revenue growth, profitability, strong free cash flows, and high return on capital.

Further, after the demerger, MFL business will be separately listed."The distinctive profile and established business model of the MFL Business makes it suitable to be housed in a separately listed entity, allowing sharper strategic focus in pursuit of its independent value creation trajectory," the filing read.