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

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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.