In a BSE filing, Aditya Birla Nuvo Ltd (ABNL) announced "completion of the transaction whereby Sun Life Financial has increased its stake in the life insurance joint venture Birla Sun Life Insurance (BSLI) from 26 per cent to 49 per cent".
It further said: "ABNL has received a sum of Rs 1,664 crore from the stake sale, valuing BSLI at Rs 7,235 crore."
Shares of ABNL closed at Rs 853 apiece, up 2.06 per cent, from their previous close on BSE.
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