 "Aditya Birla Sun Life")
Aditya Birla Sun Life Asset Management Company (AMC) is looking at valuations of Rs 20,500 crore in its initial public offering (IPO)—the fourth by a domestic mutual fund house.
The maiden offering will remain open between September 29 and October 1. The price band is Rs 695-712 per share. At the upper band, the issue size would be Rs 2,768 crore.
The IPO will entirely be a secondary share sale by promoters Aditya Birla Capital (ABCL) and Sun Life AMC.
The domestic partner is selling 2.85 million shares–less than one per cent of its stake–to raise about Rs 203 crore.
