 "Despite demerger, Aditya Birla Capital fails to catch Street's interest")
Seldom do strong names fail to catch the interest of the Street. However, Aditya Birla Capital (AB Capital) is an exception. Despite its grand demerger and listing in 2017, the stock trades 60 per cent lower than its listing price, at Rs 248 apiece.
A large part of the value erosion could be attributed to the liquidity crunch that hit the non-banking financial companies (NBFCs) in September last year and its Rs 390-crore exposure to IL&FS group firms. This is about less than a per cent of its NBFC loan book.
However, given the NBFC arm's role in
A large part of the value erosion could be attributed to the liquidity crunch that hit the non-banking financial companies (NBFCs) in September last year and its Rs 390-crore exposure to IL&FS group firms. This is about less than a per cent of its NBFC loan book.
However, given the NBFC arm's role in
