Aditya Birla Capital's board approves merger of Aditya Birla Finance to create a unified NBFC.
Aditya Birla Capital Limited has announced its board's approval for the merger of its subsidiary, Aditya Birla Finance Limited, to create a unified, operating non-banking financial company (NBFC). The merger, subject to regulatory approvals, aims to enhance financial stability, simplify the group structure, improve operational efficiency, and increase stakeholder value. The amalgamated company will hold a strong capital base, enabling it to grow its business and participate in India's growth story.
March 11, 2024
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