Stock Advisory in Indore >> Aditya Birla Capital receives in-principle approval to set up an ARC

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Aditya Birla Capital has received in-principle approval from RBI to set up an Asset Reconstruction Company (ARC), after market hours on Monday. The company’ wholly owned subsidiary to set up an ARC. Shares of Aditya Birla Capital will be focused on Tuesday’s trading session.

The stock of Aditya Birla Capital has been shifted to B group w.e.f. September 15, 2017. Its circuit filter has also been revised to 20%.

Aditya Birla Capital ended at Rs 188.55 per share, down by Rs 1.75 or 0.92% on Friday, on the BSE.

The listing without an IPO was the culmination of Aditya Birla Nuvo merger with Grasim Industries and the financial services undertaking was demerged into Aditya Birla Capital. Aditya Birla Capital, earlier known as Aditya Birla Financial Services, is the holding company of the financial services businesses of the group.