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Aditya Birla Capital gets approval for IPO of Aditya Birla Sun Life AMC

15 Apr 2021 Evaluate

Aditya Birla Capital has received approval for the initial public offering by way of an offer for sale (IPO) of Aditya Birla Sun Life AMC (ABSLAMC), a material subsidiary of the Company, and has also approved sale of up to 28,50,880 equity shares of face value of Rs 5 each held by the Company in ABSLAMC out of the paid-up share capital of 28,80,00,000 equity shares of face value of Rs 5 each of ABSLAMC in the IPO.

Aditya Birla Capital is one of the largest financial services players in India.

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