Stocks

Aditya Birla Fashion extends time for share entitlement to NRIs

| Updated on January 16, 2018 Published on December 07, 2016

Aditya Birla Fashion and Retail is now evaluating various options to settle the lawful entitlements of the non-resident shareholders of Aditya Birla Nuvo (ABNL) holding shares on repatriable basis. The allotments have been kept pending, as provided under the composite scheme for shares that cannot be issued due to applicable laws, the company said. It had proposed to provide an option to NRE shareholders to receive the allotment of their share entitlements to their NRO accounts, if such NRE shareholders provided their consent by November 30, in the prescribed manner. The company has now decided to extend this time period to January 31, 2017. Shares of ABFRL closed at ₹136.7, up 0.26 per cent on the BSE.

Published on December 07, 2016
This article is closed for comments.
Please Email the Editor