The company was listed on the bourses on September 1. The stock listed on NSE at Rs 237.5 per share and at Rs 248.15 per share on BSE.
The listing without an IPO was the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo was merged with Grasim Industries and the financial services undertaking was subsequently demerged into Aditya Birla Capital. Aditya Birla Capital, earlier known as Aditya Birla Financial Services, is the holding company of the financial services businesses of the group.
The amalgamation of Aditya Birla Nuvo with Grasim and demerger and the listing of the financial services business has created a large combination of manufacturing and service businesses commanding leadership positions across the cement, financial services, telecom, textiles and chemicals sectors. While, the listing of financial services business is going to unlock value for all the shareholders, believes the company.
Meanwhile, Nifty was trading at 9,920 level, marginally up by 7 points, while Sensex was trading at 31,728 level, up by 26 points.
The listing without an IPO was the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo was merged with Grasim Industries and the financial services undertaking was subsequently demerged into Aditya Birla Capital. Aditya Birla Capital, earlier known as Aditya Birla Financial Services, is the holding company of the financial services businesses of the group.
The amalgamation of Aditya Birla Nuvo with Grasim and demerger and the listing of the financial services business has created a large combination of manufacturing and service businesses commanding leadership positions across the cement, financial services, telecom, textiles and chemicals sectors. While, the listing of financial services business is going to unlock value for all the shareholders, believes the company.
Meanwhile, Nifty was trading at 9,920 level, marginally up by 7 points, while Sensex was trading at 31,728 level, up by 26 points.
Aditya Birla Capital breached lower circuit at the opening bell on Tuesday. The stock opened at its lower circuit of Rs 214.4 per share, down by 5% on NSE. The stock has been breaching lower circuits since it was listed on the bourses..
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