The size of this IPO can be Rs 25,000 crore. Aditya Birla AMC will be the fourth such company to be listed on the exchanges after Nippon, HDFC AMC, UTI AMC.
Aditya Birla Sun Life AMC
Capital markets regulator SEBI has approved the Initial Public Offering (IPO) of Aditya Birla Sun Life AMC, a subsidiary of Aditya Birla Capital. According to sources, the size of this IPO can be Rs 25,000 crore. This IPO will be purely offer for sale. Under this, 13.5 percent stake of Aditya Birla Sun Life AMC will be sold. In this offer for sale, the company’s Canadian joint venture partner Sun Life will sell its 12.5 percent stake.
Aditya Birla holds 51 per cent stake in Aditya Birla Sun Life AMC and Sun Line has 49 per cent stake in it. At present, HDFC AMC, UTI AMC, Nippon Life India AMC are currently listed in the Indian Stock Market. Aditya Birla AMC will be the fourth such company to be listed on the exchanges after Nippon, HDFC AMC, UTI AMC.
Paper was submitted in April
Aditya Birla Sun Life AMC Limited (ABSLAMC) submitted the DRHP on 19 April 2021. According to Aditya Birla Capital, ABSLAMC has approved the sale of 28,50,880 equity shares of face value of Rs 5. Apart from this, Sun Life (India) AMC approved the sale of 3,60,29,120 shares.
If you want to earn from IPO then open this account
If you want to earn money by investing in IPO, then you have to open a demat account. Without Demat account you will not be able to invest in LIC IPO.
To invest in the market, it is necessary to have a demat account. Demat account is similar to a bank account, the only difference is that money is transacted in a bank account. Whereas shares are traded in Demat Account. Just as money remains safe in banks, shares are safe in a demat account.
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