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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 restores ops in Jaya Shree textiles unit in West Bengal
Monday, 22 May 2017 07:06am EDT 

May 22 (Reuters) - Aditya Birla Nuvo Ltd ::Says operations in the Jaya Shree textiles divison in West Bengal have been restored.Discussions are on with labour office officials and workers in WB.Says contribution loss on account of the strike is estimated to be around 39 million rupees.  Full Article

India's Grasim Industries March-qtr consol profit up marginally
Friday, 19 May 2017 05:32am EDT 

May 19 (Reuters) - Grasim Industries Ltd :March quarter consol net profit 10.64 billion rupees.March quarter consol total income 114.09 billion rupees.Consol profit in march quarter last year was 10.55 billion rupees as per Ind-AS; consol total income was 107.64 billion rupees.Recommended dividend of 5.50 rupees per share.Says transaction with Aditya Birla Nuvo is expected to be completed by Q2 FY18..Says company’s brownfield expansion at Vilayat is on track.Says company’s commissioning of Vilayat plant is expected by q4fy18.Says company is in the process of debottlenecking of its plants to meet the growing demand for VSF business.  Full Article

India's Aditya Birla Nuvo consol March-qtr profit down about 52 pct
Thursday, 18 May 2017 04:13am EDT 

May 18 (Reuters) - Aditya Birla Nuvo Ltd :Consol March quarter profit 1.30 billion rupees.Consol March quarter total income 43.74 billion rupees.Consol profit in March quarter last year was 2.74 billion rupees as per Ind-AS; consol total income was INR 37.72 billion.Demonetisation has led to a temporary liquidity shortage in trade channel as well as downstream players in textiles value chain.Co has planned a capex of about 2 billion rupees for its divisions including ongoing linen yarn and FY expansions.  Full Article

Aditya Birla Nuvo approves scheme of arrangement with Grasim Industries
Tuesday, 11 Apr 2017 07:48am EDT 

Aditya Birla Nuvo Ltd : Says approved composite scheme of arrangement between Aditya Birla Nuvo , Grasim Industries and Aditya Birla Financial Services .Aditya Birla Nuvo Ltd says scheme expected to be effective during q2 of current financial year.  Full Article

Grasim Industries gets members' nod for scheme of arrangement with Aditya Birla Nuvo
Thursday, 6 Apr 2017 11:09pm EDT 

Grasim Industries Ltd :Gets members' nod for scheme of arrangement between co and Aditya Birla Nuvo.  Full Article

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

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