Aditya Birla Capital and Sun Life (India) AMC Investments have approved the sale of up to 2.01 crore shares of Aditya Birla Sun Life AMC, representing 7 percent of the company’s equity share capital. This move aims to meet the minimum public shareholding requirement.
The sale will be conducted through an offer for sale (OFS), starting on March 19 for non-retail investors and March 20 for retail investors. An additional option to sell up to 1.28 crore shares, equivalent to a 4.47 percent stake, is also available.
The floor price for the offer is set at ₹450 per share. Brokers handling the transaction include BofA Securities India, IIFL Securities, Jefferies India, and Spark Institutional Equities.
This move aligns with SEBI regulations, which mandate non-promoters to hold at least 25 percent stake in listed companies to maintain balance in the market. Currently, promoters hold an 86.47 percent stake in Aditya Birla Sun Life AMC, with AB Capital owning nearly half of it.
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