1. Home
  2. Business
  3. Aditya Birla Capital board gives nod to explore IPO of mutual fund venture

Aditya Birla Capital board gives nod to explore IPO of mutual fund venture

By Priyanka Verma 
Updated Date
Aditya Birla Capital board gives nod to explore IPO of mutual fund venture

The Board of Directors of Aditya Birla Capital Limited at its Meeting held on Wednesday provided its in-principle approval to explore an initial public offering of Aditya Birla Sun Life AMC Limited.

Also Read :- Cabinet clears DICGC Bill, deposits upto 5 lakh to be insured if bank put under moratorium

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 the Sun Life Financial Inc. of Canada.

“The board of directors of Aditya Birla Capital has provided its 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,” Aditya Birla Capital said in a regulatory filing.

The company did not share any other details.

As per Aditya Birla Sun Life AMC, it has a total domestic assets under management (AUM) of over to Rs 2,38,000 crore for the quarter ended September 30, 2020.

Also Read :- Clover Infotech will recruit 2,000 freshers this year

For the latest news and reviews, follow us on Facebook and Twitter ...
X