The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC.

Economy Business

The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC. ABCL is a listed systemically important non-deposit taking core investment company (NBFC-CIC), ABFL is a non-deposit taking systematically important NBFC (NBFC-ICC). The company's proposed amalgamation, which subject to regulatory and other approvals as required, has quite a few benefits including the one that the merger will result in reduction of legal entities and simplification of the group structure of Aditya Birla Capital. This will enhance value for various stakeholders of the Company.


      The proposed amalgamation will result in compliance with the Scale based Regulations of RBI which require mandatory listing of Aditya Birla Finance by September 30, 2025.

      Furthermore, it reported consolidated revenue of Rs26,791 crore and a profit after tax of Rs2,090 crores for 9M FY 2024.

     

 

     


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