Aditya Birla Sun Life AMC is three way partnership between Aditya Birla Group and Sun Life Financial, Canada
Aditya Birla Sun Life AMC Limited, a fabric subsidiary of Aditya Birla Capital, has filed IPO Papers with Securities and Exchange Board of India for an preliminary public providing. The shares of Aditya Birla Capital rose greater than 5 per cent on the BSE in mid-morning buying and selling to the touch an intra-day excessive of Rs 122 on the again of the information improvement. At 11:30 am, the shares have been buying and selling at Rs 118.20, up 2.3 per cent, on the BSE.
“Aditya Birla Sun Life AMC Limited (ABSLAMC), a material subsidiary of Aditya Birla Capital has filed a draft red herring prospectus (‘DRHP’) dated April 19, 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale,” Aditya Birla Capital stated in a regulatory submitting to the inventory exchanges.
The IPO will comprise an provide on the market of as much as 2.9 million shares held by the corporate in Aditya Birla Sun Life AMC and as much as 36 million shares held by Sun Life (India) AMC Investments in Aditya Birla Sun Life AMC, Aditya Birla Capital stated.
Aditya Birla Sun Life AMC is a three way partnership between the Aditya Birla Group and the Sun Life Financial, Canada. Aditya Birla Capital holds 51 per cent in Aditya Birla Sun Life AMC and the remaining 49 per cent stake is held by Sun Life. Aditya Birla Capital is part of the Aditya Birla Group
