Aditya Birla Capital rises as its arm unveils fixed-maturity plan

Aditya Birla Capital is currently trading at Rs. 93.00, up by 0.35 points or 0.38% from its previous closing of Rs. 92.65 on the BSE.

Aditya Birla Capital
Aditya Birla Capital

The scrip opened at Rs. 93.00 and has touched a high and low of Rs. 93.05 and Rs. 92.10 respectively. So far 30933 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 139.10 on 11-Jan-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. 95.50 and Rs. 91.85 respectively. The current market cap of the company is Rs. 22437.43 crore.

The promoters holding in the company stood at 71.07%, while Institutions and Non-Institutions held 14.69% and 13.54% respectively.

Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital (ABCL), has unveiled a fixed-maturity plan offering returns of up to 6.41 per cent to compete with fixed-deposit products offered by banks.

This is a non-linked, non-participating endowment product providing fully guaranteed benefits as a lump-sum on maturity. This plan is designed to offer policyholders short and long-term financial security by integrating FD beating returns and protection.

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

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