Aditya Birla Capital gains on making investments in ABFL, ABCDL
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Aditya Birla Capital is currently trading at Rs. 162.15, up by 2.25 points or 1.41% from its previous closing of Rs. 159.90 on the BSE.
The scrip opened at Rs. 161.40 and has touched a high and low of Rs. 163.80 and Rs. 161.40 respectively. So far 185054 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.40 on 03-Jul-2023 and a 52 week low of Rs. 133.25 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 163.80 and Rs. 155.00 respectively. The current market cap of the company is Rs. 42294.90 crore.
The promoters holding in the company stood at 68.99%, while Institutions and Non-Institutions held 18.69% and 11.49% respectively.
Aditya Birla Capital (ABCL) has made investments on rights basis, in the equity shares of Aditya Birla Finance (ABFL) - Rs 850 crore and Aditya Birla Capital Digital (ABCDL) - Rs 50 crore. Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and both, ABCDL and ABFL continue to be wholly owned subsidiaries of the Company.
ABCL is making the investment in ABFL to meet its growth and funding requirements and improve its leverage ratio. ABCL is making the investment in ABCDL to meet its growth and funding requirements.
Aditya Birla Capital is one of the largest financial services players in India.
