Aditya Birla Solar Life AMC information papers with Sebi for IPO





As per the filing, Solar Life (India) AMC Investments Inc, the joint enterprise shareholder in Aditya Birla Solar Life AMC, accepted sale of up to 3,60,29,120 equity shares of face label of Rs 5 each held in Aditya Birla Solar Life AMC by the IPO.

Aditya Birla Capital on Tuesday acknowledged its arm Aditya Birla Solar Life AMC has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to open its preliminary public offering (IPO).

“Aditya Birla Solar Life AMC Ltd (ABSLAMC), a enviornment cloth subsidiary of Aditya Birla Capital, filed a draft red herring prospectus (DRHP) dated 19th April 2021 with the Securities and Alternate Board of India for an preliminary public offering by formulation of a proposal for sale (IPO) of shares of ABSLAMC, enviornment to relevant approvals as required,” Aditya Birla Capital acknowledged in a regulatory filing.

Aditya Birla Capital has accepted sale of up to 28,50,880 equity shares of face label of Rs 5 each held in ABSLAMC out of the total paid-up share capital of 28,80,00,000 equity shares of Aditya Birla Solar Life AMC, the company added.

As per the filing, Solar Life (India) AMC Investments Inc, the joint enterprise shareholder in Aditya Birla Solar Life AMC, accepted sale of up to 3,60,29,120 equity shares of face label of Rs 5 each held in Aditya Birla Solar Life AMC by the IPO.

The proposed sale of equity shares by Aditya Birla Capital and Solar Life India in the IPO will collectively represent up to 13.50 per cent of the paid-up share capital of Aditya Birla Solar Life AMC, Aditya Birla Capital acknowledged.

Aditya Birla Solar Life AMC Ltd, the funding manager of Aditya Birla Solar Life Mutual Fund, is a joint enterprise between the Aditya Birla Neighborhood and the Solar Life Monetary Inc of Canada.

As per Aditya Birla Solar Life AMC, it has a total domestic assets below administration (AUM) of over to Rs 2,38,000 crore for the quarter ended September 30, 2020.

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