Aditya Birla Capital Lists at Rs 237.5 on NSE

The Stock listed on NSE at Rs 237.5 per share and at Rs 248.15 per share on BSE.

Aditya Birla Capital, a financial products and services arm of AV Birla Group, listed on the bourses in Friday’s trade. The stock listed on NSE at Rs 237.5 per share and at Rs 248.15 per share on BSE. There is strong selling pressure viewed within the stock, with 45,55,532 shares on the sell side whereas zero on the purchase aspect.

The record with out an IPO is the culmination of the composite scheme of arrangement underneath which Aditya Birla Nuvo was merged with Grasim Industries and the monetary services and products endeavor used to be therefore demerged into Aditya Birla Capital.

Aditya Birla staff Chairman Kumar Mangalam Birla rang the opening bell on Friday. Aditya Birla Capital, past referred to as Aditya Birla financial products and services, is the holding company of the financial services bussinesses of the group.

The amalgamation of Aditya Birla Nuvo with Grasim and demerger and record of the financial products and services bussiness has created a large mixture of manufacturing and service businesses commanding management positions throughout the cement, financial services, telecom, textiles and chemicals sectors.

Listing of monetary services and products bussiness goes to unencumber worth for all of the shareholders. meanwhile, Nifty was once buying and selling at 9,861 level, down through 22 points while Sensex used to be buying and selling at 31,558 level, down by 87 points.

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