The Boards of Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) on Monday approved the Scheme of Amalgamation (Scheme) of the two companies, to further create a large unified operating NBFC. It is to be noted that while, ABCL is a listed systemically important non-deposit taking core investment company (NBFC-CIC), ABFL is a non-deposit taking systematically important NBFC (NBFC-ICC).The company’s proposed amalgamation, which subject to regulatory and other approvals as…
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