Aditya Birla Capital shares up by 4% on merger with Aditya Birla Finance

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A day after the board of directors of Aditya Birla Capital Limited authorized the merger of Aditya Birla Finance Ltd with itself on March 11, shares of Aditya Birla Capital rose about 4 percent at the opening on the NSE on March 12. The stock was trading at Rs 186.90 at 9:20 a.m.

[{"selector":"#anim-27490da1-2d4d-489c-b8dc-5ab76050e0c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-60f0d685-7e38-4bd5-8e05-eaace8ac07ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Aditya Birla Capital shares up by 4% Check Share Price

Aditya Birla Capital stated in a regulatory statement that the board has reviewed and authorized the combination of Aditya Birla Finance Limited, a fully-owned subsidiary of the business.

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[{"selector":"#anim-2784fca5-8aac-4a1c-8eb7-ea6a4786cd1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.267948727305653e-15%, -8.794146659194824e-7%) scale(1.434782608695652)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-802f55f5-610a-457f-bafd-d631b202f589","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Aditya Birla Capital to convert from Holding company to NBFC Aditya Birla Capital will undergo a transformation from a holding company to an operational non-banking financing company (NBFC) following the merging. This would result in the creation of a single, sizable organization with increased financial strength and flexibility, allowing for direct access to capital.

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Aditya Birla Capital shares up by 4% on merger with Aditya Birla Finance

Published : 12 March 2024

A day after the board of directors of Aditya Birla Capital Limited authorized the merger of Aditya Birla Finance Ltd with itself on March 11, shares of Aditya Birla Capital rose about 4 percent at the opening on the NSE on March 12. The stock was trading at Rs 186.90 at 9:20 a.m.

Aditya Birla Capital stated in a regulatory statement that the board has reviewed and authorized the combination of Aditya Birla Finance Limited, a fully-owned subsidiary of the business.

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