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Aditya Birla Capital climbs after its arm launches new life insurance savings plan

Aditya Birla Capital is currently trading at Rs. 144.55, up by 2.75 points or 1.94% from its previous closing of Rs. 141.80 on the BSE.

Aditya Birla Capital
Aditya Birla Capital

The scrip opened at Rs. 142.30 and has touched a high and low of Rs. 146.80 and Rs. 141.25 respectively. So far 178250 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 162.50 on 08-Dec-2022 and a 52 week low of Rs. 85.70 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 146.80 and Rs. 137.00 respectively. The current market cap of the company is Rs. 34978.28 crore.

The promoters holding in the company stood at 71.05%, while Institutions and Non-Institutions held 15.28% and 12.81% respectively.

Aditya Birla Capital’s (ABCL) life insurance subsidiary — Aditya Birla Sun Life Insurance (ABSLI) has launched a new life insurance savings plan ‘Aditya Birla Sun Life Insurance Nishchit Aayush Plan’. ABSLI Nishchit Aayush Plan is a non-linked non-participating individual savings life insurance plan that provides life insurance cover with guaranteed regular income and lumpsum benefits.

The key features of the plan include guaranteed income, 3 income variants to choose as per needs, lumpsum benefit at policy maturity and life cover across policy term.

Aditya Birla Capital is one of the largest financial services players in India.