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The Latest Breaking News from Aditya Birla Capital

Shiprocket IPO opens for subscription. Should you apply for Temasek, Eternal-backed issue?

Shiprocket IPO GMP: In the grey market, Shiprocket shares are currently commanding a 31% premium over the upper end of the issue price of Rs 97, signalling expectations of a strong listing gain.

The Economic Times

Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May

Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC and Indus Towers. The fund's portfolio now holds thirty-eight stocks…

The Economic Times

Markets to enter prolonged “drag phase,” not deep correction: Vikas Khemani

Market expert Vikas Khemani anticipates a consolidation phase for Indian equities rather than a sharp breakout, citing persistent global macro uncertainty and sticky energy prices. While corporate earnings have held steady, the full impact of global disruptions is yet to be felt, suggesting a prolonged drag rather than a major…

The Economic Times

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Aditya Birla Capital plans to use Rs 3,500 cr to drive lending business growth

Aditya Birla Capital plans to inject Rs 3,500 crore into its lending business. This comes from a Rs 4,000 crore preferential issue. Grasim Industries will contribute Rs 2,880 crore. International Finance Corporation will invest Rs 920 crore. The company seeks shareholder approval for this significant expansion. This move aims to…

The Economic Times

Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr

Aditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs 980 crore. This capital infusion will fund growth objectives, including lending and investments. The company aims to expand access to financing for entrepreneurs and businesses.…

The Economic Times

Capitalmind Flexi Cap Fund exits RIL and 2 others, hikes stake in Titan Company, MCX and 16 other stocks in April

Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42…

The Economic Times

Aditya Birla Capital profit after tax rises 20% to Rs 450 crore

NEW DELHI: Aditya Birla Capital on Thursday reported a rise of 20 per cent in its consolidated profit after tax at Rs 450 crore in quarter ended March 2022.

The Times of India

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Birla Group’s apex body to get its first woman director

MUMBAI: The Aditya Birla Group’s apex body Aditya Birla Management Corporation (ABMCPL) will soon get its first woman director Vishakha Mulye. The Group has appointed Mulye of ICICI Bank as the next CEO of its financial services holding company, Aditya Birla Capital. She will also be a director of ABMCPL,…

The Times of India

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