The stock listed at Rs 250 on NSE and later hit a low of Rs 237.50, a loss of 5 per cent from the opening price.
Aditya Birla Group on Wednesday announced the listing of ABCL, formerly known as Aditya Birla Financial Services. The listing of ABCL is the culmination of the composite scheme of arrangement under which Aditya Birla Nuvo merged with Grasim Industries and the financial services undertaking was subsequently demerged into ABCL, the company had said in a statement.
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