%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(55).png "Aditya Birla Capital Completes Amalgamation of Aditya Birla Finance to form Unified NBFC")
- This strategic move simplifies the group structure, enhances financial stability, and boosts operational efficiency.
- The amalgamation was approved by the National Company Law Tribunal (NCLT), Ahmedabad Bench, on March 24, 2025, and became effective from April 1, 2025.
- ABCL transitioned from a Core Investment Company to an operating NBFC, enabling direct access to capital and efficient utilization of resources.
- Financial Strength: ABCL now manages assets worth over ₹5.03 lakh crore, including a consolidated lending book of ₹1.46 lakh crore.
- Operational Efficiency: The merger reduces legal entities, streamlines compliance, and consolidates business operations.
- Leadership: Vishakha Mulye was appointed as MD & CEO, and Rakesh Singh as Executive Director and CEO of the NBFC.
Question:
Q.1 On which date did Aditya Birla Capital Ltd (ABCL) complete the amalgamation of its wholly-owned subsidiary, Aditya Birla Finance Ltd (ABFL)?a. March 24, 2025
b. April 1, 2025
c. April 15, 2025
d. March 31, 2025
Answer: b) The amalgamation was approved by the NCLT on March 24, 2025, but became effective from April 1, 2025
