India: Aditya Birla Group may sell 5% stake in finance unit ahead of listing

India: Aditya Birla Group may sell 5% stake in finance unit ahead of listing

Kumar Mangalam Birla, Chairman, Aditya Birla Group. Photo: Mint

Indian billionaire Kumar Mangalam Birla’s group may sell a 5 percent stake in its financial services unit to help raise capital, providing a valuation gauge for a business it plans to list next year.

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