Aditya Birla Capital may rally up to 30% ahead of MF arm IPO

Aditya Birla Sun Life AMC is likely to be valued at over Rs 24,000 crore in the IPO, according to analyst estimates. Synopsis The share sale in Aditya Birla Sun Life Asset Management Company will unlock value in the financial services company belonging to the Aditya Birla Group, boosting its valuations. MUMBAI: Shares of Aditya […]

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Flipkart-backed retailer gets Tahiliani, Sabyasachi to do up its growth plans

NEW DELHI: Aditya Birla Fashion & Retail (ABFRL) has outperformed its peers hands down over the past six months. The scrip has rallied 64 per cent during this period, compared with a 42 per cent jump in shares of Shoppers Stop and 26.7 per cent rise in the stock of Tata Group’s Trent. ABFRL had […]

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Hindalco announces capital allocation framework, amends dividend distribution policy

Mumbai: Aditya Birla Group‘s metal flagship company, Hindalco expects to generate US$ 1-1.2 billion cash flow per annum post its normal working capital and maintenance Capex and has come out with a capital allocation framework for growth Capex, debt reduction and for shareholders’ returns. “Allocation towards Growth Capex is considered at US$ 2.5-3.0 billion over […]

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