Proposed Incorporation of a Wholly Owned Subsidiary Company
ABSLAMC · price
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Aditya Birla Sun Life AMC's board approved two key items on July 24, 2025. First, the company will incorporate a wholly owned subsidiary in GIFT City, Gujarat (IFSC), to operate as a Fund Management Entity under IFSCA regulations, with an authorised capital of ₹15 crore and 100% shareholding. The new entity will offer investment management, advisory, trustee, and portfolio management services for pooled investment vehicles in IFSC and other permitted jurisdictions. Second, the board reported Q1 FY26 standalone net profit of ₹276.89 crore, up about 18.5% year-on-year, on total income of ₹559.49 crore. The board also recommended a final dividend of ₹24 per share for FY25, subject to shareholder approval.
The GIFT City subsidiary expands ABSLAMC's reach into international fund management, potentially attracting global capital, while strong Q1 earnings and a healthy dividend signal continued operational strength for shareholders.