Aditya Birla Finance

RBI approves Aditya Birla Capital's merger with AB Finance; stock up 6%

After receiving approval from the Reserve Bank of India for the merger of Aditya Birla Finance with itself, Aditya Birla Capital awaits approval from the NCLT

RBI gives approval for Aditya Birla Finance's merger with parent

To move NCLT to complete amalgamation

India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'

India deserves three private telecom companies, says chairman of Aditya Birla Group

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

ABFRL Q3 result: Net loss at Rs 107.60 cr, revenue at Rs 4,166.71 cr

Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 107.60 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 11.21 crore during the October-December quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its revenue from operations was at Rs 4,166.71 during the quarter under review. In the year-ago period, the company's revenue from operations stood at Rs 3,588.80 crore. According to the Aditya Birla group firm, the consolidated financial results for the quarter ended December 31, 2023 are "not comparable with previous quarters" pursuant to the acquisition of TCNS Clothing and Styleverse Lifestyle. ABFRL's total expenses were at Rs 4,302.93 crore in the December quarter. Growth in the quarter was "driven by new businesses", ABFRL in an earnings statement said, adding the "overall market remained subdued leading to modest growth for the traditional portfolio." Its re

SC refers Zee-Aditya Birla dispute to arbitration, upholds Delhi HC order

Chief Justice of India DY Chandrachud also dropped Siti Network from the lineup of parties in the arbitration proceedings as it has already gone into insolvency

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.

Some NBFCs are bigger than many banks, says CEO Aditya Birla Finance

"There is a harmonisation of policies and regulations for upper-scale NBFCs and banks in terms of capital requirements and asset categorisation," Rakesh Singh of Aditya Birla Finance said

BS BFSI Summit: From Umesh Revankar to Rakesh Singh, here're NBFC experts

Umesh Revankar, Rajiv Sabharwal, Rakesh Singh: Meet the NBFC experts of BS BFSI Summit 2023

Aditya Birla Finance aims to raise Rs 2K cr via non-convertible debentures

The NCDs are divided into three maturity options of three years, five years, and 10 years

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands

Aditya Birla Group to invest Rs 1,250 crore into its financial services arm

Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital Ltd. The board of Aditya Birla Capital Ltd (ABCL), which is into lending, asset management and insurance, on Thursday approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, according to a statement on Thursday. Recently, ABCL announced its intent to raise Rs 3,000 crore, and its chief executive and managing director Vishakha Mulye had told reporters that any of the businesses needing capital will get capital to fuel its growth. ABCL said the preferential issuance will be undertaken at a price of Rs. 165.1 per equity share and is subject to shareholders' approval. Shares of the company closed 0.91 per cent up at Rs 171.70 a piece on the BSE on Thursday. Group flagship Grasim Industries also will invest Rs 1,000 crore while Surya Kiran Investments, another group entity, will invest Rs 250 crore in the preferential issue, the statement said.

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).

BS BFSI Insight Summit 2022: NBFC bigshots to speak on prospects ahead

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

Aditya Birla Finance set to raise Rs 5,000 crore through debentures

The entity expects to increase share of SMEs and the retail segment to 65 per cent from 60 per cent in December 2020.

Aditya Birla Finance becomes first NBFC to list commercial paper on bourses

ABFL is a diversified non-banking finance company with a long-term credit rating of AAA (Stable) from both Icra as well as India Ratings

Aditya Birla Finance is now 1st firm to list commercial papers on exchanges

ABFL is a well-diversified non-banking finance company (NBFC) with a long-term credit rating of AAA (stable) from both ICRA as well as India Ratings

NBFCs like us need to focus on liabilities, says Aditya Birla Finance CEO

A slowdown in NBFC/HFC lending will have an impact on the wider economy, he adds