Aditya Birla Capital board approves to strike-off subsidiary ABCAP Trustee from ROC

The company said that ABCAP Trustee is a non-material subsidiary and inoperative.

Jun 17, 2021 01:06 IST India Infoline News Service

Aditya Birla Capital Limited board at its meeting on June 16, 2021, accorded its in-principle approval for the striking-off of the name of ABCAP Trustee Company Private Limited (ABCAP), a wholly-owned subsidiary of the Company (non-material subsidiary and inoperative) from the Registrar of Companies (ROC), subject to necessary approvals as applicable.

Net Worth of ABCAP Trustee Company Private Limited as on March 31, 2021 was Rs1,33,401 and its revenue for FY2020-21 was nil.

At around 1.42 PM, Aditya Birla Capital Ltd was trading at Rs123.10 per piece down Rs0.25 or 0.20% from its previous closing of Rs123.35 per piece on the BSE.

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