Aditya Birla Nuvo‘s board has approved proposal for increase in investment limits by RFPIs (Registered Foreign Portfolio Investors) / Flls (Foreign Institutional Investors) from the existing 24% of the paid-up equity share capital upto 30% of the paid-up equity share capital of the company. The said increase in the limits is subject to the approval of the members at the ensuing Annual General Meeting of the company, the date of which will be intimated separately.
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.
