Premji Invest commits $109m to India's Aditya Birla Capital
Premji Invest, the family office of Wipro chairman Azim Premji, has invested INR7 billion ($109 million) in Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group.
Premji Invest will take a 2.2% stake in ABCL, valuing the company at INR320 billion. The investment is part of an agreement between Aditya Birla Nuvo and Grasim Industries, the parent and sister company...
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