Aditya Birla Sun Life AMC files DHRP with SEBI
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.
Sun Life India AMC Investments Inc, the joint venture shareholder in ABSLAMC, approved the sale of up to 3.6 crore equity shares of face value of Rs 5 each held in ABSLAMC through the IPO. The proposed sale of equity shares by ABCL and Sun Life India in the IPO will together constitute up to 13.5 per cent of the paid-up share capital of ABSLAMC.
Established in 1994, Aditya Birla Sun Life Mutual Fund (ABSLMF) is one of the leading Fund Houses in India based on domestic average AUM. ABSLMF has an impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes, sound investment performance and over 7 million investor folios.
