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ABB India 4770.15 [ 0.53% ]
ACC 2129.25 [ -0.57% ]
Ambuja Cements Ltd. 494.95 [ -2.01% ]
Asian Paints Ltd. 3243.55 [ -0.25% ]
Axis Bank Ltd. 1113.15 [ -0.42% ]
Bajaj Auto 6082.5 [ -0.18% ]
Bank of Baroda 212.1 [ 0.45% ]
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GAIL (India) 141.2 [ -0.60% ]
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HDFC 2724.3 [ -0.84% ]
HDFC Bank 1649.95 [ 1.20% ]
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ICICI Bank 1003.3 [ 0.43% ]
IDFC L 122.85 [ 0.49% ]
Indian Hotels Co 434.8 [ -1.28% ]
IndusInd Bank 1509 [ 0.28% ]
Infosys L 1482.05 [ 1.10% ]
ITC Ltd. 454.3 [ -0.83% ]
Jindal St & Pwr 689.7 [ 0.83% ]
Kotak Mahindra Bank 1830.95 [ 0.22% ]
L&T 3417.05 [ 1.83% ]
Lupin Ltd. 1237.5 [ -0.92% ]
Mahi. & Mahi 1668.7 [ -1.41% ]
Maruti Suzuki India 10605.3 [ -0.85% ]
MTNL 30.7 [ -0.81% ]
Nestle India 25086.15 [ 0.44% ]
NIIT Ltd. 114.35 [ -0.57% ]
NMDC Ltd. 185.5 [ 0.76% ]
NTPC 286.8 [ 1.06% ]
ONGC 197.65 [ -0.63% ]
Punj. NationlBak 86.35 [ -0.52% ]
Power Grid Corpo 231.15 [ 0.50% ]
Reliance Inds. 2468.5 [ 0.47% ]
SBI 610.2 [ -0.25% ]
Vedanta 247.9 [ -0.38% ]
Shipping Corpn. 161.55 [ 1.60% ]
Sun Pharma. 1240.4 [ 0.09% ]
Tata Chemicals 1002.7 [ -1.53% ]
Tata Consumer Produc 953.45 [ -0.36% ]
Tata Motors Ltd. 716.6 [ -0.74% ]
Tata Steel 129.9 [ -0.08% ]
Tata Power Co. 322.35 [ -1.06% ]
Tata Consultancy 3618.25 [ 0.09% ]
Tech Mahindra 1230.75 [ 0.61% ]
UltraTech Cement 9367.2 [ 0.14% ]
United Spirits 1049.65 [ -1.54% ]
Wipro 420 [ 0.42% ]
Zee Entertainment En 279.25 [ 2.82% ]

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News Details

29/11/2022 17:26

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ABSLAMC to set up new unit at GIFT City

Aditya Birla Sun Life AMC (ABSLAMC) has been granted approval by IFSCA on 28 November 2022 to act as Registered Fund Management Entity (NonRetail) and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS) through a branch office in International Financial Services Centre (IFSC) in India.

ABSLAMC's move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards growth of its international business, to expand its reach and service global clients, including NRIs for investing in India.