Aditya Birla Sun Life AMC files DRHP for IPO

Aditya Birla Sun Life AMC Ltd has recently filed a draft red herring prospectus with the Securities and Exchange Board of India to raise funds via initial public offering.

Aditya Birla Capital Ltd and Sun Life (India) AMC stated that they will together sell a 13.5% stake in their asset management joint venture – Aditya Birla Sun Life AMC Ltd. Aditya Birla Capital will sell up to 2.88 million shares held by it in the asset management business, while Sun Life (India) AMC will sell up to 36.03 million shares.

Kotak Investment Banking, Bofa Securities, Citigroup Global markets India, Axis Capital, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Banking, SBI Capital and Yes Securities are the book running lead managers to the issue.

Aditya Birla Sun Life AMC manages 135 mutual fund schemes, several of which have recorded superior performance compared to industry averages, as well as 6 domestics FoFs. It also provides portfolio management services, offshore funds and alternative investments

Popular from web

Join 30 hour Online International Certificate course on

Risk Management

 

Please click here to view details

View short video here