Arvind’s infra arm split to take effect

The demerger of Arvind will take effect from Wednesday at the bourses. The company will demerge and transfer the real estate undertaking to Arvind Infrastructure. Shareholders will receive one Arvind Infrastructure share for every 10 equity shares held in Arvind. To identify the eligible shareholders, Arvind has fixed the record date as Thursday. From Wednesday, the share price will reflect only Arvind’s price, while the company plans to list the realty arm later.