Birla Archives - Pinfaves

CCI clears Advent International investment in Aditya Birla Capital

October 25, 2019October 25, 2019 Loknath DasAditya, Advent, Birla, CCI, Clears, In, international, investment

NEW DELHI : The Competition Commission of India (CCI) has approved indirect acquisition of 4.15% stake in Aditya Birla Capital Ltd. by private equity firm Advent International Corp., said an official release. The investment is being made by Jomei Investments Limited (JIL) which is wholly-owned by a fund managed by Advent International Corp. CCI did not specify the amount of investment coming into Aditya Birla Capital, but the company had said in September that its board had approved mobilising Rs2,100 crore investments including Rs1,000 crore of equity investments from Jomei Investments Ltd, an affiliate…

Investment for child: Birla MF Bal Bhavishya NFO – Is it amongst the best plans for children related investment?

January 22, 2019 Loknath Dasamongst, Bal, Best, Bhavishya, Birla, Child, Children, for, investment, Is, It, MF, NFO, plans, related, The, –

There aren’t many MF schemes targeting needs such as arranging down payment for a home loan, children education and marriage needs or one’s own retirement. When it comes to investments for child, most parents are in a fix and unable to find a dedicated investment for meeting financial goals of the children. However, for specific goals, such as child education, it helps to earmark the funds towards it and not run the risk of making a premature exit before the goal is met. Mutual funds that are child-focused schemes may…