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Aditya Birla Capital on Tuesday said its material subsidiary Aditya Birla Sun Life AMC (ABSLAMC) has filed preliminary papers for an initial public offer (IPO) with market regulator Securities and Exchange Board of India (Sebi).
Aditya Birla Sun Life AMC filed a draft red herring prospectus (DRHP), dated April 19, 2021, with Sebi for an IPO by way of an offer for sale (OFS) of the shares of the company.
The IPO comprises of sale of up to 28,50,880 equity shares of face value of Rs 5 each held by Aditya Birla Capital in ABSLAMC and sale of up to 3,60,29,120 equity
