Aditya Birla Sun Life AMC files documents for IPO with markets regulator
Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India, Aditya Birla Capital said
PTI | April 20, 2021 | Updated 11:26 IST
Aditya Birla Capital on Monday said its arm Aditya Birla Sun Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to launch its initial public offering (IPO). Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale (IPO) of shares of ABSLAMC, subject to relevant approvals as required, Aditya Birla Capital said in a regulatory filing.
NEW DELHI:
Aditya Birla Capital on Tuesday said its arm Aditya Birla Sun Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to launch its initial public offering (IPO). Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale (IPO) of shares of ABSLAMC, subject to relevant approvals as required, Aditya Birla Capital said in a regulatory filing. Aditya Birla Capital has approved sale of up to 28,50,880 equity shares of face value of Rs 5 each held in ABSLAMC out of the total paid-up share capital of 28,80,00,000 equity shares of Aditya Birla Sun Life AMC, the company added.
Aditya Birla Sun Life AMC files papers with Sebi for IPO
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Last Updated: Apr 20, 2021, 04:56 PM IST
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Aditya Birla Capital on Tuesday said its arm Aditya Birla Sun Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to launch its initial public offering (IPO).
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Aditya Birla Capital on Tuesday said its arm Aditya Birla Sun Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to launch its initial public offering (IPO). Aditya Birla Sun Life AMC Ltd (ABSLAMC), a material subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Exchange Board of India for an initial public offering by way of an offer for sale (IPO) of shares of ABSLAMC, subject to relevant approvals as required, Aditya Birla Capital said in a regulatory filing.
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Aditya Birla Capital Ltd on Wednesday announced that its board has given in-principle approval for an initial public offering (IPO) of its arm Aditya Birla Sun Life AMC.
Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla group and Sun Life Financial Inc of Canada. ABCL is the holding company for the financial services businesses of the Aditya Birla group. The company did not share any other details.
Aditya Birla Sun Life AMC has total domestic assets under management of over Rs 2,38,000 crore and over 70 lakh investor folios for the September quarter of 2020. It has a pan-India presence of more than 300 locations.