Aditya Birla Capital Rises Over 2% As Subsidiary Files IPO Papers

Aditya Birla Sun Life AMC Limited, a material subsidiary of Aditya Birla Capital, has filed IPO Papers with Securities and Exchange Board of India  for an initial public offering. The shares of Aditya Birla Capital rose more than 5 per cent on the BSE in mid-morning trading to touch an intra-day high of Rs 122 on the back of the news development. At 11:30 am, the shares were trading at Rs 118.20, up 2.3 per cent, on the BSE.