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Aditya Birla Nuvo posts strong results in last quarter
15 May '12
4 min read
Equity Infusion:
To strengthen its balance sheet and to meet future growth capital requirements, ABNL has issued 16.5 million warrants to its Promoters after getting approval from the shareholders.
Out of the total equity infusion of about 1,500 Crore, a sum of 375 Crore has already been received as 25% application money.
Dividend:
The Board of Directors has recommended an equity dividend of 60% for 2011-12 entailing a total outgo of 68 Crore.
Going forward, ABNL's thrust is on capturing growth opportunities across its businesses to achieve the next higher level of growth.
Aditya Birla Nuvo is a USD 4.5 billion conglomerate. Over the years, it has made successful ventures into the sunrise sectors viz., Financial Services, Telecom, Fashion & Lifestyle and IT-ITeS. Its razor sharp focus on manufacturing businesses has made it a leading player in Agri-business, Carbon Black, Insulators, Rayon and Textiles sectors.
To strengthen its balance sheet and to meet future growth capital requirements, ABNL has issued 16.5 million warrants to its Promoters after getting approval from the shareholders.
Out of the total equity infusion of about 1,500 Crore, a sum of 375 Crore has already been received as 25% application money.
Dividend:
The Board of Directors has recommended an equity dividend of 60% for 2011-12 entailing a total outgo of 68 Crore.
Going forward, ABNL's thrust is on capturing growth opportunities across its businesses to achieve the next higher level of growth.
Aditya Birla Nuvo is a USD 4.5 billion conglomerate. Over the years, it has made successful ventures into the sunrise sectors viz., Financial Services, Telecom, Fashion & Lifestyle and IT-ITeS. Its razor sharp focus on manufacturing businesses has made it a leading player in Agri-business, Carbon Black, Insulators, Rayon and Textiles sectors.
Aditya Birla Nuvo Limited (ABNL)
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Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
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