Aditya Birla Sun Life AMC, India’s fourth largest asset management company (AMC), is considering launching an initial public offering (IPO), said its parent firm on Wednesday, joining a slew a fund houses that listed recently. “The board of directors of Aditya Birla Capital at its meeting held on March 17, 2021, have provided in principle approval to explore an initial public offering of Aditya Birla Sun Life AMC, a material subsidiary of the company subject to market conditions, receipt of applicable approvals and other considerations,” said Aditya Birla Capital in a stock exchange notification. Aditya Birla Capital holds 51 per cent in the AMC and the remaining 49 per cent is with Sun Life, a Canadian financial services firm.