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Aditya Birla Nuvo Ltd (ABRL.NS)

ABRL.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Aditya Birla Nuvo transfers entire 51 pct stake in Birla Sun Life Insurance
Thursday, 23 Mar 2017 06:41am EDT 

Aditya Birla Nuvo Ltd : Says transfer of equity shares held in Birla Sun Life Insurance Company Limited . Says ABNL has transferred entire 51 percent stake in Birla Sun Life Insurance to ABFSL .Birla Sun Life Insurance Company Limited has now become a unit of Aditya Birla Financial Services and a step down unit of co.  Full Article

Aditya Birla Nuvo Dec qtr profit down about 35 pct
Tuesday, 14 Feb 2017 02:38am EST 

Aditya Birla Nuvo Ltd : Consol dec quarter net profit 2.06 billion rupees . Consol dec quarter total income from operations 33.88 billion rupees . Consol net profit in dec quarter last year was 3.18 billion rupees as per ind-as; consol total income from operations was 31.34 billion rupees . Says planning to launch payments bank services by the first half of the calendar year 2017 . For 2016-17, co planned a capex of about INR 3 billion for its divisions including towards the expansion of linen yarn and VFY capacities. . Says there will be a capital requirement to the tune of about 9 billion rupees in the financial services businesses . Deal with Grasim expected to be completed by first half of fiscal 2017-18 . Says solar power business is in the process of setting up 60 MW solar power capacity in Karnataka . Senior management team planning to launch payments bank services by first half of calendar year 2017, after obtaining approvals from RBI . Says commissioning of solar power plants in karnataka is targeted by first quarter of FY2017-18 .The profit alert was first sourced from TV and later confirmed from a press release on the NSE.  Full Article

Aditya Birla Nuvo says Turquoise Investments and Finance acquires 1.1517 pct stake in co
Tuesday, 3 Jan 2017 12:37am EST 

Aditya Birla Nuvo Ltd :Says Turquoise Investments and Finance Pvt Ltd acquires 1.1517 percent stake in co; shareholding at 6.4383 percent.  Full Article

Aditya Birla Nuvo says IGH Holdings raises stake in co to 15.7798 pct
Tuesday, 3 Jan 2017 12:35am EST 

Aditya Birla Nuvo Ltd :Says IGH Holdings Pvt Ltd raises stake in co by 3.2247 percent to 15.7798 percent on Dec 30.  Full Article

Aditya Birla Nuvo plans to launch payments bank services by first half of 2017
Thursday, 11 Aug 2016 07:38am EDT 

Aditya Birla Nuvo Ltd : For 2016-17, co has planned capex of about 3.25 billion rupees for its divisions . There will be a capital requirement of about 7.50 billion rupees in the financial services businesses . There will be a equity requirement of about 1.50 billion rupees for co's 51 percent stake in new ventures . Commissioning of solar power plants in Karnataka targeted by end of FY 2016-17 . Planning to launch payments bank services by first half of calendar year 2017 .  Full Article

Aditya Birla Nuvo June-qtr consol profit more than halves
Thursday, 11 Aug 2016 07:37am EDT 

Aditya Birla Nuvo : June-quarter consol net profit 3.05 billion rupees . June-quarter consol total income from operations 31.94 billion rupees . Consol net profit in June-quarter last year was 7.06 billion rupees as per Ind-AS; consol total income from operations was 31.88 billion rupees . Approved scheme of arrangement between co, unit Aditya Birla Fashion Services and Grasim Industries . Post merger, demerger of financial services business from amalgamated Grasim into ABFSL .  Full Article

Aditya Birla Nuvo incorporates unit "Aditya Birla Wellness Pvt Ltd"
Monday, 27 Jun 2016 06:54am EDT 

Aditya Birla Nuvo Ltd : Incorporation of wholly owned step down subsidiary namely "Aditya Birla Wellness Pvt Ltd" .  Full Article

Aditya Birla Nuvo says MMI Strategic Investments acquired 49 pct stake in ABHICL
Tuesday, 14 Jun 2016 08:15am EDT 

Aditya Birla Nuvo Ltd : Aditya Birla Financial Services Ltd., a subsidiary of the company, will continue to hold 51% stake in ABHICL . ABHICL has received subscription amount for equity shares and MMI Strategic Investments (PTY) Ltd has acquired 49% stake in ABHICL .  Full Article

Aditya Birla Nuvo March-qtr consol profit down about 1.5 pct
Friday, 20 May 2016 04:19am EDT 

Aditya Birla Nuvo Ltd : Says March-quarter consol net profit 3.27 billion rupees versus net profit of 3.32 billion rupees year ago . India's Aditya Birla Nuvo Ltd says March-quarter consol net sales 63.18 billion rupees versus 69.57 billion rupees year ago . Planning to launch payments bank services by FY 2016-17 end . Signing of ppa with abraaj group on solar power expected during Q1 FY 2016-17, commissioning targeted in Q4 .  Full Article

Aditya Birla Nuvo recommends dividend of 5 rupees per share
Friday, 20 May 2016 04:18am EDT 

Aditya Birla Nuvo Ltd : Says recommended dividend of inr 5 per share . India's Aditya Birla Nuvo Ltd says for 2016-17, abnl plans to incur capital expenditure of about inr 3.25 billion . There will be capital requirement of INR 7.5 billion in financial services business,equity requirement for co's 51 percent share in new ventures .  Full Article

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