There was a technical adjustment of Rs 35 on account of the demerger of Peter England Fashions and Retail (PEFRL) that will be listing separately soon.
Each shareholder of Future Retail as on record date of April 18 will receive 0.2 shares of Peter England Fashions.
"One fully paid share of Rs 10 each of PEFRL shall be issued to Future Retail's shareholders for every five equity shares of Rs 2 each held in the company," the company said in a release.
At 12:37 hours IST, shares dropped 8.4 percent to Rs 146.80 on Bombay Stock Exchange.
Trading volumes increased 41 percent to 17,46,537 equity shares as compared to its five-day average of 12,40,897 shares.
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