Aditya Birla Capital Ltd Share Price – NSE /  BSE

Finance, Small Cap

Aditya Birla Housing Finance is an existing wholly owned subsidiary (WOS) of the company.

Offering the investment rationale, ABCL stated that it is making the investment in ABHFL to fund its growth and improve its leverage ratio.

Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiaries of the company,” Aditya Birla Capital said in a statement.

Aditya Birla Capital is the holding company for the financial services businesses of the Aditya Birla Group.

The company’s consolidated net profit jumped 42% to Rs 1,001 crore in Q2 FY25 as against Rs 705 crore in Q2 FY24. Consolidated revenue stood at Rs 12,007 crore in Q2 FY25, registering a growth of 36% from Rs 8,831 crore recorded in the same period a year ago.

The scrip shed 0.43% to currently trade at Rs 198.40 on the BSE.

Powered by Capital Market - Live News

Securities in F&O Ban:

Granules India, Manapurram Finance and RBL Bank shares are banned from F&O trading on 4 December 2024.

Stocks to Watch:

Wipro announced partnership with Netskope, a secure access service edge (SASE) leader, to provide cybersecurity optimization advisory services to global enterprises.

Oil & Natural Gas Corporation (ONGC) has invested Rs 10,000 crore in its subsidiary, ONGC Pertro Additions (OpaL) via right issue.

Aditya Birla Capital invested Rs 300 crore in its subsidiary, Aditya Birla Housing Finance (ABHF), on a right basis.

Kaynes Technology India’s subsidiary, Keynes Singapore has acquired a 54% stake in Austria-based Sensonic, which is a provider of Distributed Acoustic Sensing (DAS) solutions to monitor railway infrastructure.

Epack Durable incorporated wholly owned subsidiary EPACK Manufacturing Technologies. It has informed that Senior Intelligence Officer and Inspectors of Special Intelligence and Investigation Branch (SIIB), Office of the Commissioner of Customs (Preventive), Jaipur, had initiated a search on 2 December 2024 at the manufacturing facility situated at Bhiwadi, Rajasthan.

Rail Vikas Nigam (RVNL) has received order worth Rs 187 crore from Eastern Central Railway.

Quess Corp’s board approved to acquire food catering and facility management services business of Archer Integrated Services and Astrin Traders and Supplies as a going concern on a slump sale basis for a lump sum cash consideration of Rs 11 crore.

Indian Energy Exchange has achieved an electricity traded volume of 9,689 MU in November, showing a 15.7% year-on-year increase. Despite an increase in power demand, the market clearing price in the Day Ahead Market (DAM) at Rs 3.30 per unit in November declined 17.3% YoY, and the market clearing price in the Real-Time Market (RTM) at Rs 3.46 per unit dropped 13.4% YoY. The DAM volume increased by 9.8% YoY to 5,651 MU, and the RTM volume jumped 28% YoY to 3,019 MU in November.

Kore Digital’s board has approved the issuance of 2 bonus equity shares of Rs 10 each for every one equity share held as on record date.

Powered by Capital Market - Live News

Aditya Birla Capital has made an investment of Rs. 300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL).Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiaries of the Company.

Powered by Capital Market - Live News

Aditya Birla Capital announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 7 January 2025 .

Powered by Capital Market - Live News