AB Capital’s stock surged 3.02% to ₹234.00 at 9:19 AM on the NSE after the company received a ‘No Objection’ Certificate from the Reserve Bank of India (RBI) for the merger of Aditya Birla Fin. The approval paves the way for the consolidation of the financial services arms under Aditya Birla Capital, strengthening its position in the market.
The merger is expected to enhance operational efficiency and streamline business operations, contributing to future growth prospects for AB Capital.
