For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Aditya Birla Sun Life AMC Files IPO Draft Papers with SEBI

|

Aditya Birla Sun Life AMC, a subsidiary of Aditya Birla Capital, has filed a draught red herring prospectus (DRHP) with capital markets regulator Sebi in preparation for its initial public offering (IPO).

 

Out of Aditya Birla Sun Life AMC Limited (ABSLAMC's) total paid-up share capital of 28,80,00,000 equity shares, Aditya Birla Capital Limited (ABCL) has authorised the selling of up to 28,50,880 equity shares with a face value of Rs. 5 each. Sun Life (India) AMC Investments Inc, ABSLAMC's joint venture shareholder, has approved the IPO sale of up to 3,60,29,120 equity shares with a face value of Rs 5 each.

Aditya Birla Sun Life AMC Files IPO Draft Papers with SEBI

Aditya Birla Capital Ltd was trading at Rs118.00 per piece at about 11.21 a.m. on the BSE, up Rs2.21 or 2.55 percent from its previous close of Rs115.45 per piece.

The planned IPO selling of equity shares by ABCL and Sun Life India would account for up to 13.50 percent of ABSLAMC's paid-up share capital.

According to Aditya Birla Capital, the IPO will be subject to market conditions, regulatory approvals, and other factors.

Aditya Birla Capital is a subsidiary of the Aditya Birla Group, a Fortune 500 Indian conglomerate.

 

The Aditya Birla Group operates in 36 countries around the world, with a workforce of over 120,000 people representing 42 different nationalities.

Read more about: aditya birla ipo sebi
Story first published: Tuesday, April 20, 2021, 11:27 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X