SEBI approves IPO of Aditya Birla Sun Life

According to information received from sources, SEBI (Securities and Exchange Board of India) has approved the DRHP related to IPO of Aditya Birla Sun Life AMC, the AMC arm of Aditya Birla Capital.

This IPO will be purely offer for sale. Under which 13.5 per cent stake in Aditya Birla Sun Life AMC will be sold. In this offer for sale, the company’s Canadian joint venture partner Sun Life will sell its 12.5 per cent stake.

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