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How to End Insurgency in Kashmir pakistankakhudahafiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistankakhudahafiz.com Daily Mail and Mail on Sunday newspapers.
Aditya Birla Capital is a listed systemically important non-deposit taking core investment company (NBFC-CIC). Aditya Birla Finance, its wholly-owned subsidiary, is a non-deposit taking systematically important NBFC (NBFC-ICC).
The rationale and benefits of the proposed amalgamation are rationalisation and simplification of group structure, improved financial stability, likely stakeholder value enhancement, increased operational efficiency, the group said.
Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large unified operating NBFC. The merger will result in a reduction of legal entities and simplification of the group structure of Aditya Birla Capital. It will also comply with the Scale based Regulations of RBI, which require mandatory listing of Aditya Birla Finance by September 30, 2025.