Aditya Birla Nuvo transfers 51% stake in Birla Sun Life Insurance Company

Aditya Birla Nuvo Ltd. - (Amalgamated) | Diversified | Diversified | BSE: 500303 | NSE: ABIRLANUVO

24 Mar 2017 Evaluate

Aditya Birla Nuvo (ABNL) has transferred its entire stake of 51% held in Birla Sun Life Insurance Company to Aditya Birla Financial Services, a wholly owned subsidiary of ABNL. Accordingly, Birla Sun Life Insurance Company has become a subsidiary of Aditya Birla Financial Services and a step down subsidiary of ABNL.

Aditya Birla Nuvo is a premium conglomerate. It is part of the Aditya Birla Group, a US$ 41 billion Indian multinational operating in 36 countries across six continents. Its service sector businesses include Financial Services, Fashion & Lifestyle and Telecom.

Peers

Company Name	CMP
Grasim Industries	3171.00
DCM Shriram	998.35
3M India	34233.10
Hindustan Foods	625.90
Balmer Lawrie & Co	168.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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