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Sunil Kotak

15th Dec · SEBI-Registered Analyst

Aditya Birla Capital shares rise 2% after RBI approves firm's conversion into NBFC investment and credit company

Aditya Birla Capital shares rise 2% after RBI approves firm's conversion into NBFC investment and credit company

ABCAPITAL
Earlier this year, Aditya Birla Capital announced that it has completed its amalgamation with its wholly-owned NBFC subsidiary Aditya Birla Finance. "I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s vast economic growth opportunities," said Aditya Birla Group Chairman Kumar Mangalam Birla. Consequently, the company had applied for obtaining a certificate of registration as an NBFC - Investment and Credit Company (NBFC-ICC) from its current status as NBFC – Core Investment Company (NBFC-CIC). Aditya Birla Capital in an exchange filing released on December 11 said that RBI has granted the certificate dated December 9. all this is for information. this is not a buy/sell recommendation. thank you, Technofunda24

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