Aditya Birla Capital stock closed 1.49% higher at Rs160.25 apiece on BSE today. File photo: Abhijit Bhatlekar/MintNew Delhi: Aditya Birla Capital on Tuesday reported a rise of 91% in its consolidated net profit at Rs208 for the quarter ended March of 2017-18 against Rs109 crore in the same period a year ago. The company said it will raise up to Rs3,500 crore by various means, including equity, preference shares and debt instruments. The company has to seek approval from its shareholders for this fund raise plan consideration of up to Rs3,500 crore. Aditya Birla Capital is the holding company of financial services business of the Birla group with presence in insurance, asset management, private equity, corporate lending, project finance, wealth management, among others.

Source: Mint May 08, 2018 15:00 UTC