Aditya Birla Finance to acquire 75 per cent shareholding of ABML
16 Feb 2010
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Aditya Birla Financial Services has proposed acquisition of 41,550,000 equity shares of Aditya Birla Money (ABML), equivalent to 75 per cent shareholding of ABML, from Aditya Birla Nuvo, in an off-market transaction on 20 February, 2010.
The Aditya Birla Financial Services Group (ABFSG) has a significant presence extending across several verticals including life insurance, insurance broking, mutual funds, private equity, security based lending, factoring, insurance advisory services, retail broking and distribution of third party products.
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