Aditya birla finance and aditya birla capital are going for merger

Aditya Birla Capital Limited and Aditya Birla Finance have agreed to join together to form a bigger non-banking financial company (NBFC). This merger will make things simpler by reducing the number of separate legal entities in Aditya Birla Capital. Also, because of the merger, Aditya Birla Finance won’t need to become a public company as required by RBI’s rules based on size.