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Shares of Arvind will remain in focus on Tuesday, as they will turn ex-date for the proposed demerger of the branded apparel and engineering businesses into separate entities — Arvind Fashions (AFL) and Anveshan Heavy Engineering (AHEL). Shareholders will get one fully paid-up equity share of ₹4 each of AFL for every five shares held in Arvind, and one share of ₹10 each of AHEL for every 27 shares. Shares of the demerged entities are expected to be listed in January.
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