Aditya Birla MF files IPO document with Sebi; issue size Rs 2,000 cr

Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56% holding, while Aditya Birla Capital will sell a little less than 1%

Aditya Birla Sun Life AMC on Monday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO).

The IPO size could be around Rs 2,000 crore, said sources. This will value the asset manager at nearly Rs 15,000 crore.

Through the maiden offering Canadian firm Sun Life Financial will divest its 12.56 per cent holding, while Indian partner Aditya Birla Capital (ABCL) will sell a little less than a per cent.

Currently, ABCL holds 51 per cent stake and Sun Life has 49 per cent stake in the