The shares of Aditya Birla Capital rose more than 2 percent after the company said that the Reserve Bank of India (RBI) has approved the firm's conversion into a NBFC - Investment and Credit Company (NBFC-ICC).
The shares of the company closed at Rs 362.65 apiece, snapping a two-session losing streak.
Earlier this year, Aditya Birla Capital announced that it has completed its amalgamation with its wholly-owned NBFC subsidiary Aditya Birla Finance. "I am confident that the combined strength of our diversified financial products and services will enable us to accelerate growth, drive financial inclusion and be a key contributor to India’s vast economic growth opportunities," said Aditya Birla Group Chairman Kumar Mangalam Birla.
Consequently, the company had applied for obtaining a certificate of registration as an NBFC - Investment and Credit Company (NBFC-ICC) from its current status as NBFC – Core Investment Company (NBFC-CIC).
Aditya Birla Capital in an exchange filing released on December 11 said that RBI has granted the certificate dated December 9.
The shares of Aditya Birla Capital gained nearly 2 percent in the past five days, and over 10 percent in the past one month. The stock has surged over 49 percent in the past six months, and is up a whopping 103 percent in 2025 so far.
The stock’s P/E ratio currently stands at around 31. It has a market capitalization of over Rs 94,845 crore.
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