AB Capital shares list on bourses

AB Capital shares list on bourses”

The shares of Aditya Birla Capital (ABCL) got listed on the bourses on September 1, 2017, and later fell by 5 per cent to hit its lowest trading permissible limit for the day. The stock listed on NSE at Rs 237.5 per share and at Rs 248.15 per share on BSE.

Group chairman Kumar Mangalam Birla said the amalgamation announced past year, and the subsequent listing on Saturday has ensured the shareholder value has doubled to Rs 1.2 lakh crore as pre-merger the vertical's market cap was only Rs 60,000 crore.

"We are ready to take the next big step in our journey as we list Aditya Birla Capital". After this, investors in Grasim were given seven shares of Aditya Birla Capital for every one equity share they owned. "A single brand that people of India can trust and relate to for all their money needs", Ajay Srinivasan, CEO of Aditya Birla Capital said on Friday. ABCL is the holding company of all the financial services businesses of the Aditya Birla Group.

The listing is the last phase 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. We've operating experience across businesses as a group, which we can bring in to this business.

Birla also said the amalgamation announced previous year and the subsequent listing of the company has ensured that shareholder value has doubled to Rs1,20,000 crore from Rs60,000 pre merger.

Like this


06 September 2017
Korean woman makes husband pay for golf habit in unthinkable way
Yes, the woman from Yeosu attacked her 50-year-old spouse with a kitchen knife in a fit of rage while he was asleep. According to a report by Metro UK, a wife has allegedly cut off her husband's p*nis and flushed it down the loo.

06 September 2017
Deutsche Bank AG Reaffirms "Buy" Rating for Tenet Healthcare Corporation (THC)
Riverhead Capital Management LLC grew its position in shares of Tenet Healthcare Corporation by 67.3% in the second quarter. It increased, as 53 investors sold THC shares while 70 reduced holdings. 44 funds opened positions while 74 raised stakes.

06 September 2017
'Veere Di Wedding': Kareena Kapoor returns to set with a bang
Directed by Shashanka Ghosh and written by Mehul Suri and Nidhi Mehra, " Veere Di Wedding " will have a 2018 release. The film has been due for the longest time as it allowed Kareena to recover from her post maternity phase.

06 September 2017
Teen mom facing murder charges for allegedly stabbing her one-year-old
The baby, identified as Lalanna Sharpe, reportedly suffered stab wounds and was pronounced dead at Nationwide Children's Hospital. A 17-year-old mother in OH was arrested Sunday morning after police say she killed her 1-year-old daughter.

06 September 2017
GST on luxury cars and SUVs to increase
With this amendment, taxation on luxury, SUV and other vehicles would be brought at par with that prevailing pre-GST rollout. The cess collected from cars, coal and tobacco will be used to compensate the revenue loss of states by implementing GST.

06 September 2017
Botched breast surgery leads to manslaughter charges for Chinese tourist
She denied Ms Shao bail, saying there was an unacceptable risk she would interfere with witnesses or "endanger" the community. She had studied at the Guangdong Medical University, specialising in dermatology, and had worked in Great Britain and China.

06 September 2017
Odisha gears up for Men's Hockey World Cup 2018
Around 22 matches will be played during the tournament. "Earlier hockey matches have been conducted in Odisha successfully". The Hockey India seems quite satisfied with progress and steps taken by the State government to host the big events.

06 September 2017
Vikings claim Bishop Carroll grad Blake Bell off waivers
San Francisco last month, was sent to Minnesota via the waiver system, according to the National Football League transaction wire. The Vikings waived him with an injury designation, so if he clears waivers Minnesota can place him on injured reserve.

06 September 2017
Paytm in talks to acquire Nearbuy and Little
Mint couldn't ascertain the deal values being discussed but the people cited above said both deals may happen at distress prices. Following this, the valuation of One97 Communications - Paytm's parent company - rose to United States dollars 7 billion.

06 September 2017
Fiat Chrysler Automobiles NV (FCAU) Hit 52-Week High
The value of the investment in FCAU increased from $5,439,000 to $3,525,777,000 a change of $3,520,338,000 quarter over quarter. Next Financial Group, Inc divested its investment by selling 501 shares a decrease of 5.6% from 03/31/2017 to 06/30/2017.