Aditya Birla Sun Life Asset Management Company (ABSLAMC), a material subsidiary of Aditya Birla Capital, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offer by way of an offer for sale of shares. This follows Aditya Birla Capital (ABCL) approving sale of up to 28.5 lakh equity shares of face value of Rs 5 each held in ABSLAMC out of the total paid-up share capital of 28.8 crore equity shares.
Aditya Birla Capital is one of the largest financial services players in India.