The company had a net profit of Rs 1,064.6 crore in the July-September quarter of 2020...

However, in the forex and bond markets, inflation concerns saw the rupee grinding to a 15-month low and bond yields rising to their highest level in 18 months...

The company is the country’s fourth largest fund house and it had an average asset under management of Rs 2.93 lakh crore in the June quarter...

In Sebi parlance, issuance of observations implies its go-ahead for the initial public offering...

The company added that it has approved the sale of up to 28.5 lakh equity shares held in ABSLAMC out of the total paid-up share capital of 28.8 crore equity shares of Birla Sun Life AMC...