Sep 1: Aditya Birla Capital Ltd (ABCL), known erstwhile as Aditya Birla Financial Services Ltd, has listed on the stock exchanges.
The holding company of the financial services businesses of the Aditya Birla Group listed on the bourses at an opening price of Rs 250, at a market cap of over Rs 55,000 crore.
The Aditya Birla Group has stated that the integration of all its financial services businesses under one corporate listed structure would help it speed up the growth it has already achieved.
A report quoting company sources said that the listing of ABCL would also help it unlock embedded value for investors, and positioning the company towards future growth
ABCL already has carved a niche in the business terrain it operates by achieving leadership positions in a number of businesses. The company has been rated among the top fund managers in India with aggregate assets under management (AUM) of Rs 2.6 lakh crore, said a report.