Business News: Aditya Birla Announces Merger Plans For Aditya Birla Capitals With Its Subsidiary

Aditya Birla Merger: Indian conglomerate Aditya Birla Group has announced the merger of Aditya Birla Finance with Aditya Birla Capital Limited, which has been approved by the board of the company. According to the company, the merger will make the group structure easy and rational, further increasing financial stability and value for investors. 

Merger Important For Business Growth

The chairman of Aditya Birla Group, Kumar Mangalam Birla, said that through the merger, Aditya Birla Capital’s capital base will be stronger, which will help the company to increase its business and become a part of India’s growth. The company also said that this merger is being done to make a large operating NBFC. According to the RBI rules, the listing of Aditya Birla Finance is necessary until September 30, 2025.