Aditya Birla Group News

In the world of Indian cricket and business, few stories are as intriguing as that of Aryaman Vikram Birla. Once a budding cricketer with Rajasthan Royals, Aryaman has seamlessly transitioned into the business realm, becoming a key player in his family's multi-billion dollar empire, the Aditya Birla Group. This listicle delves into Aryaman's unique journey, highlighting his achievements, challenges, and contributions to both sports and business. From cricketing milestones to entrepreneurial ventures, discover the key insights into Aryaman Birla's fascinating life.

Vodafone Idea, in which the government now also holds over 33% equity stake, has been fighting a desperate battle for survival. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.

The bench said there was no infirmity in the NCLAT's order.

The apex court had directed NCLAT to hear the case on a day-to-day basis.

Aleris is a global supplier of aerospace and automotive aluminium rolled products.

Besides, the company is also into race to acquire debt-ridden Binani Cement and has put its revised offer competing with Dalmia Bharat Group.

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.

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.

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.

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.