ABFRL’s share price declined due to the demerger of its lifestyle brands into ABLBL. ABFRL will focus on value retail, ethnic wear, luxury, and digital brands, while ABLBL will house brands like Louis Philippe and Van Heusen.

• ABFRL transfers ₹1,000 crore debt to ABLBL.
• Ex, date for the split was May 22nd with a 1:1 ratio.
• ABFRL reported a Q3 loss of ₹51.31 crore, sales up 3.31%.