According to media reports, Aditya Birla Capital will lower its stake in the fund house to 45 per cent, while Sun Life AMC could trim it down to 30 per cent. While the former currently owns a 49.99 per cent stake, Sun Life (India) AMC Investments has a 36.48 per cent stake
On June 1 the company announced that its board has approved preferential issuance of Rs 1,250 crore at a share price of Rs 165.10 a share to its promoter and promoter group entity out of the total approved equity fundraising of up to Rs 3,000 crore.