 "Logo of Aditya Birla Group")
Shares of Aditya Birla Capital, the newly formed financial services company of the Aditya Birla Group, got listed at Rs 250 on the NSE.
At 10:15 am, the stock was trading at Rs 237, down 5% from its listing price, in an otherwise higher market.
The firm, in a rare instance, got listed on the stock exchanges without an IPO for sale of equity shares.
The company said, listing, without an IPO, is the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo was merged with Grasim Industries and the financial services undertaking was subsequently demerged into Aditya
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