Page 3 - Aditya Birla Capital

Aditya Birla Finance may merge with Aditya Birla Cap within next 12 months

This is the second instance of such a merger in the NBFC space. Earlier, Tata Capital Financial Services merged with its parent entity Tata Capital from January 1, 2024

AMC shares scale 52-week highs; HDFC, Nippon, Aditya Birla rally up to 5%

Shares of asset under management (AMC) companies were in demand on Tuesday as robust systematic investment plan (SIP) inflows helped sustain assets under management (AUM) growth momentum in January.

Aditya Birla Capital Q3 results: Consolidated net up 39% at Rs 736 crore

The company's consolidated revenue grew by 29 per cent Y-o-Y to Rs 9,997 crore, up from Rs 7,743 crore in the quarter ended December 2022

Aditya Birla Capital infuses Rs 900 cr in 2 wholly-owned subsidiaries

Diversified financial services player Aditya Birla Capital Ltd (ABCL) on Tuesday said it has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries -- Aditya Birla Finance and Aditya Birla Capital Digital Ltd, respectively. The investments were done through rights basis, ABCL said in a regulatory filing. Pursuant to the investments, there is no change in the percentage shareholding of ABCL and both continue to be wholly-owned subsidiaries, it said. ABCL made the investment in Aditya Birla Finance to meet its growth and funding requirements and improve its leverage ratio, it said. The investment in the other wholly-owned subsidiary is to meet growth and funding requirements, it added.

Aditya Birla Capital Q2 results: Net profit up 44% to Rs 705 crore

Aditya Birla Capital on Friday reported a 44 per cent rise in profit at Rs 705 crore on a consolidated basis for the quarter ended September 2023. It had posted a net profit of Rs 488 crore in the same period a year ago. The total consolidated revenue of the company grew by 22 per cent to Rs 8,831 crore in the July-September period of 2023-24, from Rs 7,210 crore in the same quarter a year ago, Aditya Birla Capital Ltd (ABCL) said in a release. The company is present in non-banking finance (NBFC) business, housing finance, asset management, life and general insurance, among others. ABCL is the holding company for the financial services businesses of the Aditya Birla Group. The strong momentum across businesses led to a 41 per cent year-on-year growth in the overall lending portfolio (NBFC and HFC) to Rs 1,08,961 crore as on September 30, 2023, it said. The total AUM (AMC, life insurance and health insurance) grew by 12 per cent year-on-year to Rs 4,04,354 crore.

Aditya Birla Capital PAT rises 44% backed by robust growth across business

The revenue of the company rose by 22 per cent to Rs 8,831 crore in the July-September quarter of FY24 from Rs 7,215 crore of the corresponding previous quarter

Aditya Birla Capital Q2FY24 result: Net profit at Rs 705 cr; income up 13%

Aditya Birla Capital Q2 result: The company's revenue from operations was up 13.04 per cent to Rs 7,720.66 crore during the quarter under review against Rs 6,829.82 crore last year

Aditya Birla Capital's consolidated net profit up by 51% in June quarter

The company's asset quality improved, with gross non-performing assets (NPAs) falling to 2.6% in June 2023, compared to 3.7% a year earlier

Aditya Birla Capital Q1FY24 results: Net profit jumps 51% YoY to Rs 648 cr

The total income for Q1FY24 came in at Rs 9.82 crore, compared to Rs 7.98 crore year-on-year

BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP

Finance company raises total Rs 3,000 cr in equity

Aditya Birla Capital gains 4%; hits 52-week high post launch of QIP issue

On June 1, the company's board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, out of the total approved equity fund raise of upto Rs 3,000 crore.

Aditya Birla Capital to raise up to Rs 1,750 crore via share sale

The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25

Stocks to Watch: Lupin, Vi, Tech M, Bharti Airtel, Aditya Birla Capital

Stocks to Watch on June 27, 2023: Lupin: As per reports, Lupin is considering a restructuring move to unlock value by demerging its API (active pharmaceutical ingredients) business

F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL

Buy AB Capital Rs 170 Put option and simultaneously Sell Rs 165 Put of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.

Dish TV EGM on June 9 to appoint new directors on creditors' call

Lenders in talks with rivals to sell stake after the board is reconstituted

Aditya Birla Capital Q4 net up 35%, to raise upto Rs 3,000 cr in equity

The fund raised through equity offering would be used for supporting growth in lending and insurance businesses

Aditya Birla Capital Q4 results: Net profit rises 35% to Rs 609 crore

Consolidated total revenue from operation rose by 21.2 per cent to Rs 8,025 crore for the March quarter as compared to Rs 6,617 crore in the year-ago period

Aditya Birla Capital to consider raising of funds; board meeting on May 11

The board of directors will also consider and approve the audited standalone and consolidated financial results of the company

Aditya Birla Capital to sell insurance broking business to Edme Services

Financial Services firm Aditya Birla Capital on Monday said it has decided to sell its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount. The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital said in a regulatory filing. The purchaser is part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund, it added. The proposed transaction is subject to receipt of the approval of the Insurance Regulatory and Development Authority of India (Irdai), it added. As per reasonable estimates, the proposed transaction is expected to be completed within 120 to 180 days from the execution of the share purchase agreement (SPA).

Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows

Strong performance across businesses help 40% YoY growth in lending book