NEW DELHI: Shares of
Aditya Birla Group
's newly-formed financial service company
Aditya Birla Capital listed today on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The share got listed at Rs 250 on NSE and Rs 261.20 on BSE.
At 11.40am today, the stock was trading down over its listing price at Rs 248.15 on BSE and 237.50 on NSE.
The listing is the culmination of a composite scheme of arrangement under which
Aditya Birla
Nuvo was merged with Grasim Industries and the financial services business was subsequently demerged into Aditya Birla Capital. Aditya Birla Capital is the holding company of the financial services businesses of the Aditya Birla Group.
The company has presence across life insurance, asset management, private equity, corporate lending, structured finance, general insurance broking, equity, currency and commodity broking, pension fund management and health insurance.
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