Aditya Birla Nuvo is currently trading at Rs 755.50, up by 15.00 points or 2.03% from its previous closing of Rs 740.50 on the BSE.
The scrip opened at Rs 749.00 and has touched a high and low of Rs 761.00 and Rs 749.00 respectively. So far 5834 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1113.44 on 08-Jan-2016 and a 52 week low of Rs 715.31 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 776.00 and Rs. 731.00 respectively. The current market cap of the company is Rs. 9825.31 crore.
The promoters holding in the company stood at 57.18% while Institutions and Non-Institutions held 28.24% and 14.58% respectively.
Aditya Birla Nuvo (ABNL) jointly with Idea Cellular has incorporated a new subsidiary in the name and style of ‘Aditya Birla Idea Payments Bank’ wherein the company will be holding up to 51% shares and balance 49% shares shall be held by Idea Cellular.
Last year in August, the Reserve Bank of India (RBI) has granted its in-principle approval to the company to set up a Payments Bank under the Guidelines for Licensing of Payments Banks issued by it on November 27, 2014. The subsidiary company has been incorporated for the same.
Aditya Birla Nuvo is a $4.4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services, Fashion & Lifestyle and Telecom.
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