 "Kumar Mangalam Birla, chairman, Aditya Birla group")
Premji Invest, Wipro Chairman Azim Premji’s investment arm, has picked up 2.2 per cent stake worth Rs 700-crore in Aditya Birla Capital (ABCL) at a valuation of Rs 32,000 crore ahead of its listing next month.
In a statement, the Aditya Birla group said PI Opportunities Fund – 1, an affiliate of Premji Invest, would subscribe to about 2.2 per cent of the fully-diluted equity share capital in ABCL, formerly known as Aditya Birla Financial Services. ABCL is the holding company of the financial services businesses of the Aditya Birla Group.
ABCL had entered into a composite scheme of arrangement with Aditya
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