ABCL 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 ABSLAMC.
Sun Life (India) AMC Investments Inc. (Sun Life India), the joint venture shareholder in ABSLAMC, approved sale of up to 3,60,29,120 equity shares of face value of Rs. 5 each held in ABSLAMC through the IPO.
The proposed sale of equity shares by ABCL and Sun Life India in the IPO will together constitute up to 13.50% of the paid-up share capital of ABSLAMC.
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