Equities as an asset class generated more interest last month as benchmark indices hit fresh record highs. But, there was also plenty of stock specific action.
Grasim shareholders will receive 7 shares of Aditya Birla Capital for every 5 shares held in the company.
NBFCs are a perfect fit for emerging Fintech start-ups as they offer far more agility and flexibility when compared to many of their banking counterparts.
At the launch of its Aditya Birla Financial Services' health insurance arm Mayank Bathwal, CEO of Aditya Birla Health told CNBC-TV18 the opportunity in the space is significant as currently only about Rs 27,000 crore worth of market is covered out of the potential Rs 6.5 lakh crore.
MMI Holdings, a company based in South Africa is a large and diversified financial services leader. "ABHICL will seek to grow in a competitive market by making a positive impact on individual and families," said Ajay Srinivasan, Chief Executive-Financial Services, Aditya Birla.
The newest health insurance is promoted as joint venture of Aditya Birla Financial Services Limited (ABFSL) of India and MMI Strategic Investments (Pty) Limited (MMI) of South Africa.
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Rajen Shah, CIO Angel Broking finds Punj Lloyd and HCC very interesting at the current market cap. He told CNBC-TV18 that one can accumulate them current prices for long-term gains.
Aditya Birla group chief Kumar Mangalam Birla has said that the financial services sector will chart a robust growth path ahead and his business conglomerate is all set to make new records in this space.