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Business Standard

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

Mint

Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 19

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today —Deepak Fertilisers, RCF, and Aditya Birla Fashion & Retail.

Mint

Aditya Birla Capital sees digital platforms driving growth

The company has already launched two of these platforms. While Udyog Plus for small businesses was launched in 2023, the direct-to-consumer (D2C) ABCD platform was launched in April.

Business Standard

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

To move NCLT to complete amalgamation

CNBC TV18

RBI approves Aditya Birla Capital’s amalgamation of Aditya Birla Finance

Aditya Birla Capital has received a 'no objection' letter from the Reserve Bank of India for the proposed amalgamation of Aditya Birla Finance Ltd with the parent company.

The Economic Times

India's Hindalco plans to enter solar module manufacturing, sources say

Hindalco Industries, part of the Aditya Birla Group, plans to enter solar module manufacturing with a new plant in Gujarat. The company is currently evaluating a five-year plan and has identified land in Mundra. This move aligns with India's goal to expand renewable energy capacity by 2030.

The Economic Times

Birla Estates concludes deal to acquire 24.5 acre land in Kalwa from Hindalco for over ₹537 cr

Birla Estates, part of the Aditya Birla Group, has acquired a 24.5-acre land parcel in Thane's Kalwa locality from Hindalco Industries for over Rs 537 crore. The deal was registered on September 4 with a stamp duty payment of Rs 37.62 crore. This follows another recent acquisition by the group in Mumbai's Worli locality.

Mint

Birla Estates buys land from Hindalco Industries for ₹537.42 crore in Mumbai

Birla Estates has purchased 24.5 acres of land in the Mumbai Metropolitan Region for ₹537.42 crore from Hindalco Industries.

Business Line

Western Carriers secures ₹148 crore from anchor investors ahead of IPO

The Kolkata-based company aims to generate around ₹493 crore from the public offer, with anchor investors such as Aditya Birla Sun Life Insurance, Kotak Mahindra Life Insurance, and others showing significant interest

Business Line

Birla Estates buys land from Hindalco for ₹537 crore

Kalwa is experiencing rapid growth due to its proximity to Thane

Mint

Aditya Birla Finance accuses Byju’s insolvency professional of fraud in creditor classification

Aditya Birla Finance said the resolution professional had wrongly classified it as an ‘operational creditor’ to Byju's

Mint

Aditya Birla Group Stock: Century Textiles surges 14% in 2 days; what's behind the sudden spike?

Century Textiles' shares surged 8.2 percent to ₹2,689 after acquiring land in Worli for ₹1,100 crore. This acquisition is projected to generate ₹14,000 crore in booking value, contributing to the company's real estate expansion.

The Economic Times

Kumar Mangalam Birla raises stake in Vi, buys 1.86 crore shares

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

The Economic Times

Century Textiles buys Nusli Wadia’s 10-acre land parcel in Mumbai’s Worli for Rs 1,100 cr

The long-standing legal dispute between Wadia Group Chairman Nusli Wadia and Aditya Birla Group has concluded. Century Textiles and Industries, a subsidiary of the Aditya Birla Group, acquired ownership rights to a 10-acre leasehold land in Mumbai's Worli locality for Rs 1,100 crore. The land will be developed by Birla Estates.

CNBC TV18

Kumar Mangalam Birla buys 1.86 crore Vodafone Idea shares on September 6, official data shows

September 6 is the day when shares of Vodafone Idea had declined over 11% after brokerage firm Goldman Sachs had maintained its "sell" rating on the telecom service provider and projected a price target of ₹2.5 on the stock.

CNBC TV18

Sona BLW raises ₹2,400 crore through its QIP; SBI MF gets 25% the shares on offer

White Oak, Goldman Sachs Asset Management, Axis Mutual Fud, Aditya Birla Sun Life Mutual Fund, Norges, BNP Paribas, Fidelity International and Franklin Templeton, among others, also participated in the QIP, according to Sona BLW's exchange filing.

The Economic Times

Raft Cosmic EV to Invest Rs 50cr in Bengal

Raft Cosmic EV, part of the Kolkata-based Cosmic Birla Group, is investing Rs 50 crore to set up a new electric scooter manufacturing plant in Domjur, West Bengal. The plant will have an annual capacity of 12,000 e-scooters and aims to boost the group's total capacity to 18,000 units by FY'25.

CNBC TV18

This $42 billion fund manager is booking profits

Harish Krishnan, Co-CIO and Head of Equity of Aditya Birla Sun Life AMC, which manages $42 billion in funds, points out that while value as an investment strategy did well over the last two to three years, the last eight months or so have seen a shift towards quality.

Business Line

Birla Estates acquires 30.8-acre land parcel in Thane for mixed-use development

This acquisition aligns with Birla Estates’ strategy of developing premium residential housing in key markets through outright purchases and joint ventures

Business Standard

Birla Estates acquires 30.8 acre land parcel on Thane-Belapur Road, Mumbai

Birla Estates, the real estate arm of the Aditya Birla Group and a wholly-owned subsidiary of Century Textiles & Industries, through its wholly-owned subsidiary Ekamaya Properties has acquired land from Hindalco Industries for the development of a prime land parcel on Thane-Belapur Road, Mumbai.

CNBC TV18

Time to put money into diversified funds, says Mahesh Patil

Mahesh Patil, CIO at Aditya Birla Sun Life AMC expects the interest rate cut cycle to begin soon. If the US Federal Reserve moves, it will kick-start the rate-cut cycle, which would be positive for non-banking financial companies (NBFCs).

The Economic Times

86% large, mid-cap mutual funds outperform benchmarks in August

In August, around 86% of large and mid cap mutual funds outperformed their benchmarks. Out of 29 funds, 25 exceeded expectations, with notable returns from Aditya Birla SL Equity Advantage Fund and Axis Growth Opportunities Fund. However, four funds underperformed, including Tata Large & Mid Cap Fund and SBI Large & Midcap Fund.

The Economic Times

As M&A scene hots up, India Inc strengthens in-house legal teams

Large Indian conglomerates are strengthening their in-house legal teams with M&A specialists due to a surge in local and cross-border deals. Companies like Reliance Industries, Cipla, and Aditya Birla Group are hiring experienced lawyers to reduce reliance on external counsel and enhance transaction efficiency.

The Economic Times

Wedding collection sales surge in FY24, bucking overall trend

Most of the nine designer labels that either have joint ventures (JVs) with or have been acquired by Reliance Retail and Aditya Birla Fashion and Retail reported sales growth for the financial year, according to their annual reports. Industry executives pointed out that the JVs are mostly for ready-to-wear clothing and operate in the bridge to luxury segment, while the designers separately run their core haute couture companies that create custom-made garments in the luxury segment.

Mint

Stocks in focus: Ruchit Jain of 5paisa recommends buying Jio Financial Services, and Aditya Birla Capital today

Stocks in focus: Ruchit Jain of 5paisa has recommended two stocks today - Jio Financial Services Ltd, and Aditya Birla Capital Ltd.

Business Standard

Birla Corporation taps into 12 MW wind-solar power for captive consumption

With acquisition of minor stake in Continuum MP Windfarm Development

CNBC TV18

Birla Estates, LGCPL Group to co-develop 131-acre project in Noida

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Business Standard

Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers

The Board of Directors of the Company, earlier in March 2023, had approved the sale of its entire stake in ABIBL. This was followed by the execution of a Share Purchase Agreement (SPA) between the Company, ABIBL, Infocyber India (which is the other shareholder of ABIBL holding 49.998% and which was subsequently amalgamated into Birla Group Holdings) and Edme Services, subject to regulatory approval, which was received in July 2024.

The Economic Times

CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in next 2-3 years

Birla Fertility & IVF plans to invest Rs 500 crore over the next 2-3 years to expand its presence in southern India. The company aims to establish 10-12 new centres and recently acquired BabyScience and ARMC IVF clinics, increasing its network to 50 clinics and bolstering its reach in Tier II and Tier III cities.

Business Standard

CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in 2-3 yrs

The USD 3-billion CK Birla group company Birla Fertility & IVF is looking to invest Rs 500 crore in the next 2-3 years as it seeks to capture a larger share in the domestic market, a company statement said on Thursday. Birla Fertility & IVF, which is the third largest fertility chain, plans to extend its presence in the southern region by establishing 10-12 new centres across Karnataka, Tamil Nadu, Kerala, Telangana and Andhra Pradesh within the next 12-24 months, the company said. "The group is viewing for a bigger share of the IVF market and plans to invest Rs 500 crore in next 2-3 years," it said. By investing heavily in infrastructure and leveraging its expertise, Birla Fertility & IVF intends to provide fertility solutions to a broader audience, particularly in Tier II and Tier III cities, Avanti Birla, Chairman and Founder of Birla Fertility & IVF, said. Abhishek Aggrawal, Chief Business Officer at Birla Fertility & IVF, said that we have expanded across ...

Business Standard

Ahead of IPO, Ecos India Mobility raises Rs 180.3 cr from anchor investors

Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors a day before its initial share sale opening for public subscription. WhiteOak Capital Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Nippon India MF, Troo Capital, Acacia Banyan Partners, Invesco Indio MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Tata MF were the anchor investors, according to a circular uploaded on the BSE website. Franklin Templeton India MF, OptiMix Global Emerging Markets Share Trust and Nomura India also participated in the anchor round. The company has allocated 54 lakh shares to 19 entities at Rs 334 apiece, aggregating the transaction size to Rs 180.36 crore, it showed. The Rs 601-crore initial initial public offering (IPO) will open for public subscription on Wednesday and will conclude on Friday. The price band has been set at Rs 318-334 a share. The company's maiden public issue is ...

CNBC TV18

Aditya Birla Capital invests ₹300 crore in housing finance unit via rights issue

The investment aims to support ABHFL's growth and enhance its leverage ratio. As ABHFL is a wholly-owned subsidiary, the transaction, while classified as a related party transaction, has been conducted at arm’s length. ABCL remains both the holding company and promoter of ABHFL.

Business Standard

Aditya Birla Capital invests Rs 300 cr in Aditya Birla Housing Finance

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The Economic Times

BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals

Bank of America acquired 1.3 lakh Interarch Building Products shares for Rs 16.74 crore at Rs 1,287.75 each, a 43% premium over the issue price. Aditya Birla Sun Life Mutual Fund bought 2 lakh shares. The stock closed at Rs 1,203.10, down 7.38% from its listing price.

The Economic Times

RIL, Sun Pharma among top 10 stock holdings of Aditya Birla Sun Life Mutual Fund in July

The fund house reduced its allocation in HDFC Bank to 5.2%, a decrease of 0.7% compared to the previous month.

Mint

Expert view: Nifty 50 may correct moderately; focus on THESE sectors for 2-3 years, says Aditya Birla Sun Life AMC CIO

Expert view: Mahesh Patil, the CIO of Aditya Birla Sun Life AMC, points out that the Indian economy's growth is driven by consumer spending and investment in real estate, infrastructure, and industrial sectors. Investing in diversified Indian equities is a recommended strategy.

The Economic Times

Hindalco to pump in USD 10 billion for expansion in India, US: KM Birla

Hindalco is currently evaluating a nearly 200,000 tonne-brownfield expansion at its Aditya Aluminium smelter in Odisha, which will be substantially powered by renewable energy. The company also plans to expand its copper smelting capacity and is exploring setting up a brownfield facility in Gujarat to meet the growing needs of the country for this critical metal.

Mint

Birla Fertility acquires IVF chain BabyScience in ₹500-crore push for 100 clinics by FY28

Founder Avanti Birla did not disclose the size of the deal, but said the company will initially take a co-branded approach in which BabyScience’s current employees will continue to oversee operations.

Business Standard

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

The Economic Times

Capacity expansion not a number game, says UltraTech chairman Kumar Birla

“We are leveraging this expanded manufacturing footprint to reduce our operational costs, particularly logistics costs and improve customer service by reducing lead time and leveraging our strong nation-wide distribution network,” Birla told shareholders at the company’s annual general meeting on Wednesday.