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    ABSLAMC   INE404A01024

ADITYA BIRLA SUN LIFE AMC LIMITED

(ABSLAMC)
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Aditya Birla Capital Board Gives In-Principle Approval for AMC Arm IPO

03/16/2021 | 11:53pm EST

Aditya Birla Capital Limited (BSE:540691) said its board has given in-principle approval to explore an initial public offering (IPO) of its arm Aditya Birla Sun Life AMC Limited. Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the Sun Life Financial Inc. of Canada. "The board of directors of Aditya Birla Capital has provided its in-principle approval to explore an initial public offering of Aditya Birla Sun Life AMC, a material subsidiary of the company subject to market conditions, receipt of applicable approvals and other considerations," Aditya Birla Capital said in a regulatory filing. The company did not share any other details.


© S&P Capital IQ 2021
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Financials
Sales 2022 12 597 M 169 M 169 M
Net income 2022 6 463 M 86,8 M 86,8 M
Net Debt 2022 - - -
P/E ratio 2022 24,5x
Yield 2022 2,23%
Capitalization 158 B 2 128 M 2 125 M
Capi. / Sales 2022 12,6x
Capi. / Sales 2023 11,5x
Nbr of Employees -
Free-Float -
Chart ADITYA BIRLA SUN LIFE AMC LIMITED
Duration : Period :
Aditya Birla Sun Life AMC Limited Technical Analysis Chart | ABSLAMC | INE404A01024 | MarketScreener
Technical analysis trends ADITYA BIRLA SUN LIFE AMC LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 549,35 INR
Average target price 815,75 INR
Spread / Average Target 48,5%
EPS Revisions
Managers and Directors
A. Balasubramanian Chief Investment Officer
Parag Joglekar Chief Financial Officer
Kumar Mangalam Birla Non-Executive Chairman
Keerti Gupta Chief Operations Officer
Hemanti Wadhwa Secretary, Head-Compliance & Legal
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