Aditya Birla Capital soars on making investment in Aditya Birla Finance
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Aditya Birla Capital is currently trading at Rs. 179.05, up by 4.60 points or 2.64% from its previous closing of Rs. 174.45 on the BSE.
The scrip opened at Rs. 179.40 and has touched a high and low of Rs. 179.80 and Rs. 177.15 respectively. So far 87308 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. 106.80 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 180.60 and Rs. 173.40 respectively. The current market cap of the company is Rs. 45336.44 crore.
The promoters holding in the company stood at 69.10%, while Institutions and Non-Institutions held 18.26% and 11.83% respectively.
Aditya Birla Capital has made an investment of Rs 749.99 crore on rights basis, in the equity shares of Aditya Birla Finance (ABFL), a wholly owned material subsidiary of the Company. Pursuant to the said investment in equity shares, ABFL continues to be a wholly owned subsidiary of the Company. The company is making the investment in ABFL to meet its growth and funding requirements and improve its leverage ratio.
Aditya Birla Capital is one of the largest financial services players in India.
