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Aditya Birla Group
Aditya Birla Group News
Vodafone Idea
07 Apr 2024
Vodafone Idea Granted Board Approval To Raise Rs 2,075 Crore From Aditya Birla
Vodafone Idea, in which the government now also holds over 33% equity stake, has been fighting a desperate battle for survival.
Aditya Birla Group
27 Jun 2023
India's Aditya Birla Capital To Raise Up To $213 Million Via Share Sale
Aditya Birla Capital declined Reuters' request for confirmation of the price. Shares of the company rose over 4% to their highest level since January 2018.
Aditya Birla Group
21 Jan 2023
UltraTech Cement net profit falls 37.9% to Rs 1,062.6 crore in Q3
UltraTech Cement reported a 37.9 percent decline in its consolidated net profit. The firm loosed Rs 1062.58 crore for the 3rd quarter of FY2022-23. The company posted a net profit of Rs 1,710.14 crore in the October-December period a year ago.
Hindalco
27 May 2022
Hindalco profit nearly doubles to Rs 3,851 crore in Q4
According to the company, the results were driven by an exceptional performance by India business, supported by favourable macros, strategic product mix and an improved performance by the downstream business.
Vodafone
04 Mar 2022
Vodafone to infuse Rs 3,375 crore in VIL
Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore. The telecom operator will seek shareholders' approval for raising up to Rs 14,500 crore as well as increase its authorised share capital to Rs 75,000 crore. Currently, Birlas own more than 27 per cent stake in VIL while Vodafone Plc holds over 44 per cent shareholding in VIL.
Vodafone Idea
25 Feb 2022
Vodafone Idea's board to meet on Mar 3 to discuss fundraising
British telecom operator Vodafone Plc in a statement earlier stated that it will participate in VIL's fundraising process along with the Aditya Birla group. The company's trading window will remain close till 48 hours from the conclusion of the board meeting and open on March 6, the filing said.
Ultratech Cement
17 Jan 2022
UltraTech Cement shares jump nearly 3% after earnings announcement
On NSE, shares of the company gained 2.73 per cent to settle at Rs 7,870.10 apiece. The leading cement producer had posted a net profit of Rs 1,584.58 crore in the October-December quarter a year ago.
Aditya Birla Fashion and Retail
16 Jan 2022
Aditya Birla Fashion faces data breach, over 5.4 million email IDs compromised
ABFRL has assured that it will have no operational or business impact on its operations. The company has engaged forensic security experts to investigate the data breach incident. Over 5.4 million email addresses were released online from the portal of the Aditya Birla Group-owned company.
Aditya Birla fashion
14 Jan 2022
Aditya Birla Fashion acquires 51% stake in designer clothing brand Masaba
The move will strengthen ABFRL's play into fashion for young and digitally native consumers. It will also help ABFRL to foray into branded beauty and personal care segment. The brand is targeting to achieve annual revenues of around Rs 500 crore in the next five years.
Vodafone-Idea
21 Aug 2019
Vodafone-Idea loss triggers Rs 21.5K cr m-cap loss in Birla firms
On August 19, the company posted lacklustre subscriber numbers having lost 41 lakh customers. Soon after, it was announced that the company CEO Balesh Sharma will be replaced by Ravinder Takkar.
IFCI
27 Nov 2018
IFCI gets Rs 492 cr for Binani Cement resolution under IBC
On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.
Dalmia Bharat Group
19 Nov 2018
SC rejects plea of Dalmia Bharat Group firm's plea
The bench said there was no infirmity in the NCLAT's order.
National Company Law Appellate Tribunal
14 Nov 2018
NCLAT approves UltraTech's bid for Binani Cement
The apex court had directed NCLAT to hear the case on a day-to-day basis.
Hindalco Industries
26 Jul 2018
Hindalco arm Novelis to acquire Aleris for $2.58 billion
Aleris is a global supplier of aerospace and automotive aluminium rolled products.
Aditya Birla Group
21 May 2018
Ultra Tech to acquire Century Textiles' cement business
Besides, the company is also into race to acquire debt-ridden Binani Cement and has put its revised offer competing with Dalmia Bharat Group.
Simon Carter-Aditya Birla Fashion tie up
15 Sep 2017
Simon Carter enters India via tie-up with Aditya Birla Fashion
Aditya Birla Fashion and Retail Ltd (ABFRL) had in May last year signed a licensing agreement to bring the London- based designer brand to India.
Aditya Birla Group
03 Sep 2017
Birlas enter top league with $50-billion m-cap; Tatas still on top
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Aditya Birla Group
01 Sep 2017
Kumar Birla says keen to enter ARC business, awaiting RBI nod
Noting that so much stressed assets have piled up in the economy and are coming into the market, he said company wants to grab that opportunity.
Aditya Birla Capital
01 Sep 2017
Aditya Birla Capital shares list on bourses; slip 5%
The listing of ABCL is the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo merged with Grasim Industries and the financial services undertaking was subsequently demerged into ABCL.
SEBI
07 Aug 2017
Idea-Vodafone deal gets conditional go-ahead from Sebi, bourses
BSE and NSE said they reserve rights to raise objections at any stage if the information submitted to them is found to be incomplete, incorrect, misleading, false or for any contravention of rules and regulations.
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