Shares of Aditya Birla Capital Ltd gained over 2 percent after the company announced that the Reserve Bank of India (RBI) has approved its conversion into a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC).
The stock ended the session at ₹362.65, snapping a two-day losing streak as investors reacted positively to the regulatory approval.
RBI Nod Follows Amalgamation with Aditya Birla Finance
Earlier this year, Aditya Birla Capital completed the amalgamation of its wholly-owned NBFC subsidiary, Aditya Birla Finance, with the parent entity. Following the merger, the company had applied to the RBI for a change in its regulatory status from NBFC–Core Investment Company (NBFC-CIC) to NBFC-ICC.
Commenting on the merger, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, had said that the integration would strengthen the group’s diversified financial services platform and enable faster growth while supporting financial inclusion across India.
What NBFC-ICC Status Means for Aditya Birla Capital
The transition to NBFC-ICC status allows Aditya Birla Capital to directly undertake lending and credit activities, offering greater operational flexibility compared to the NBFC-CIC structure. Market participants view the move as a positive step that could enhance earnings visibility, balance sheet efficiency, and long-term growth prospects for the company.
The RBI approval marks a key regulatory milestone for Aditya Birla Capital as it positions itself as a stronger player in India’s expanding financial services sector.
