Aditya Birla Finance (ABFL) is a 100% subsidiary of Aditya Birla Capital (ABCL). ABFL is a non-listed NBFC whereas ABCL is a listed holding company.
The proposed merger is to ensure compliance with with Scale Based Regulations of RBI which require mandatory listing of ABFL by September 30, 2025.
There is not much else to read in the proposed merger for now.
Some key PPT slides from Company presentation are provided below for ease of reference.
- ABCL to continue to hold existing investments in subsidiaries and associates subject to requisite approvals
- Proposed amalgamation is tax neutral for ABCL and ABFL
