Aditya Birla Capital: Advantage of a financial conglomerate

NBFC, asset management, life insurance and housing finance are among the fast-growing businesses

There are quite a few conglomerates in India, but very few in the financial services space. The listing of Aditya Birla Capital (ABCL), however, offers an option to investors in a space largely dominated by HDFC, Reliance Capital and banks such as ICICI, Axis and State Bank of India.

While Aditya Birla Capital may not seem to have had an exuberant debut on Friday, with its stock hitting the lower-end of the circuit filter (meaning there were no buyers) and closing at Rs 248.15, it is more of a technical issue due to realignment of a global index following ABCL’s separate