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Aditya Birla to consolidate financial services to comply with RBI norms

By Economic Times - 4 months ago
Aditya Birla Finance, the lending subsidiary of the steel to telecom group, will merge with its listed parent Aditya Birla Capital to comply with the Reserve Bank of India's (RBI) scale-based regulations for non-banking finance companies (NBFCs). The merger will result in Aditya Birla Finance's mandatory listing by September 30, 2025.

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