India’s Aditya Birla Forms Joint Venture With US Based Varde India’s Aditya Birla Capital Shares Surge After Its Joint Venture With US Based Varde.
Radhakrishna N S
US-based investment company Varde Partners Inc. and India’s financial services provider Aditya Birla Capital Limited (ABCL) have formed a joint venture to invest in stressed and distressed assets in India. As information on the joint venture came out, shares of ABCL on benchmark Bombay Stock Exchange (BSE) climbed as much as 4.8 per cent on Thursday (23), the biggest intraday gain recorded after July 26. An upward movement in ABCL shares came amid a 0.1 per cent slump in the broader S&P BSE Sensex. ABCL shares opened at Rs 140.70 and touched an intra-day high of Rs 144.80 to close…
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