New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What significant change will occur after the

    amalgamation of Aditya Birla Finance Ltd. with Aditya Birla Capital Ltd.?
    A Aditya Birla Capital becomes a holding company Correct Answer Incorrect Answer
    B Aditya Birla Capital becomes an operating NBFC Correct Answer Incorrect Answer
    C Aditya Birla Finance becomes an operating NBFC Correct Answer Incorrect Answer
    D Aditya Birla Finance becomes a holding company Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    • Aditya Birla Capital Ltd. has announced the amalgamation of Aditya Birla Finance Ltd., its wholly owned subsidiary, with itself to create a large unified operating non-banking finance company (NBFC). • The board of directors of both the companies approved the scheme of amalgamation which is subject to regulatory and other approvals. • After the amalgamation, Aditya Birla Capital would get converted from a holding company to an operating NBFC.

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