Aditya Birla Sun Life Capital may be a venture between Aditya Birla Group and Sun Life Financials, one among the world’s leading international financial service organisation based in Canada.

The Asset under Management have expanded from something 26 basis points to 28 basis points within the year. The corporate is additionally working towards reducing cost and improving efficiency to further increase the AUM.

ABSL AMC features a total AUM of over Rs 2.60 lakh crores currently out of which the equity fund contribution is Rs 1 lakh crores and therefore the company is on the trail to expand it further.

At expected valuation Rs 22,000-24,000 crores, the corporate is aiming for a valuation of around 38 times one year forward looking price to earnings ratio. this is on the brink of the type of valuation the industry leader within the listed space, HDFC fund at round the multiples of 40 given the pedigree and performance. Another industry biggie, Nippon India’s shares generally trade at a multiple of around early 30sAt expected valuation Rs 22,000-24,000 crores, the corporate is aiming for a valuation of around 38 times one year forward looking price to earnings ratio. this is on the brink of the type of valuation the industry leader within the listed space, HDFC fund at round the multiples of 40 given the pedigree and performance. Another industry biggie, Nippon India’s shares generally trade at a multiple of around early 30s

The large issuance is a suggestion purchasable (OFS) to sell down 13.5% stake in ABSL AMC, large seller is that the Canadian JV partner Sun Life which can offer 12.5% of its shares out of the 49% stake held within the company currently. Aditya Birla Capital Limited (ABCL) has approved the sale of up to 28,50,880 equity shares of face value of Rs 5 each held in ABSLAMC out of the entire paid-up share capital of 28,80,00,000 equity shares. (Tag financial experts, if allowed).