Question
What significant change will occur after the
amalgamation of Aditya Birla Finance Ltd. with Aditya Birla Capital Ltd.?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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