Aditya Birla Capital Rises Over 2% As Subsidiary Aditya Birla Sun Life AMC Limited Files IPO Papers

INSUBCONTINENT EXCLUSIVE:
Aditya Birla Sun Life AMC is joint venture between Aditya Birla Group and Sun Life Financial, CanadaAditya Birla Sun Life AMC Limited, a
122 on the back of the news development
At 11:30 am, the shares were trading at Rs 118.20, up 2.3 per cent, on the BSE."Aditya Birla Sun Life AMC Limited (ABSLAMC), a material
subsidiary of Aditya Birla Capital has filed a draft red herring prospectus ('DRHP') dated April 19, 2021 with the Securities and Exchange
Board of India for an initial public offering by way of an offer for sale," Aditya Birla Capital said in a regulatory filing to the stock
million shares held by Sun Life (India) AMC Investments in Aditya Birla Sun Life AMC, Aditya Birla Capital said.Aditya Birla Sun Life AMC is
a joint venture between the Aditya Birla Group and the Sun Life Financial, Canada
Aditya Birla Capital holds 51 per cent in Aditya Birla Sun Life AMC and the remaining 49 per cent stake is held by Sun Life
Aditya Birla Capital is a part of the Aditya Birla Group