ABCAPITAL

** Shares of Aditya Birla Capital ADTB.NS gain 3.33% to 176.47 rupees apiece

** Rise after Jefferies reiterates "buy" on the financial services firm and a target price of 248 rupees, implying a 49% upside

** ADTB's valuations appear attractive after the 31% drop from the recent peak due to loan growth moderation and margin pressure, says Jefferies

** Says stress in unsecured loans has peaked and expects loan growth to stabilise in fiscal year 2026, aiding margins

** Macquarie says ADTB is one of its top picks and is on course to double in three years; has "outperform" rating with 260 rupees target, implying 56% upside

** Average rating of nine analysts tracking ADTB is "strong buy"; median price target at 248 rupees, according to data compiled by LSEG

** Shares are down 0.6% YTD vs 11% drop in midcaps .NIFMDCP100

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 10 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL - INVESTMENT OF 3 BILLION RUPEES IN SHARES OF ADITYA BIRLA HOUSING FINANCE

• ADITYA BIRLA CAPITAL - INVESTMENT ON RIGHTS BASIS, IN THE SHARES OF ADITYA BIRLA HOUSING FINANCE

Source text: [ID:]

Further company coverage: ADTB.NS

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Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

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Feb 4 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL LTD - TAX DEMAND REVISED TO 1.84 BILLION RUPEES AFTER RECTIFICATION ORDER

Source text: ID:nNSEbswbXR

Further company coverage: ADTB.NS

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Feb 3 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL DEC-QUARTER CONSOL NET PROFIT 7.08 BILLION RUPEES

• ADITYA BIRLA CAPITAL DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 93.81 BILLION RUPEES

Source text: ID:nNSEgppSH

Further company coverage: ADTB.NS

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Feb 1 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ASSESSING OFFICER STAYS OUTSTANDING TAX DEMAND OF 5.35 BILLION RUPEES OF UNIT

Further company coverage: ADTB.NS

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** Aditya Birla Capital ADTB.NS rises 3% to 172 rupees, PB Fintech PBFI.NS down 6.7% to 1,736 rupees

** Morgan Stanley downgrades PBFI to 'underweight' and upgrades ADTB to 'overweight'; PTs unchanged

** ADTB offers deep value after a 3-month correction, strong funding access, and good asset quality - MS

** Says, ADTB's low valuation seen as a safe entry point for investors

** Brokerage sees investor optimism for PBFI cooling as revenue growth slows; profit emergence weaker than expected

** Its core premium growth to moderate in FY26 after an estimated ~50% growth in FY25, leading to derating - MS

** Analysts' avg rating is "strong buy" for ADTB and "hold" for PBFI - data compiled by LSEG

** PBFI rose ~165% in 2024; ADTB gained ~6.9%

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 24 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• INVESTS 229.4 MILLION RUPEES IN ADITYA BIRLA HEALTH INSURANCE

Source text: ID:nNSE6p0kzm

Further company coverage: ADTB.NS

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Dec 3 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• MADE INVESTMENT OF 3 BILLION RUPEES IN ADITYA BIRLA HOUSING FINANCE

Source text: ID:nNSE84NMr1

Further company coverage: ADTB.NS

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Nov 19 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL - MADE AN INVESTMENT OF 1 BILLION RUPEES IN SHARES OF ADITYA BIRLA CAPITAL DIGITAL

Source text: ID:nNSE1rtmct

Further company coverage: ADTB.NS

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Nov 8 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL - TAX DEMAND OF 4.65 BILLION RUPEES REMANDED MATTER BACK TO ASSESSING OFFICER

• ADITYA BIRLA CAPITAL - TAX DEMAND OF 4.65 BILLION RUPEES RELATED TO UNIT ADITYA BIRLA SUN LIFE INSURANCE

Source text: ID:nNSEbm2DWC

Further company coverage: ADTB.NS

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Oct 30 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL SEPT-QUARTER CONSOL NET PROFIT 10.01 BILLION RUPEES

• ADITYA BIRLA CAPITAL SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 103.22 BILLION RUPEES

Source text: ID:nNSE7gsCgb

Further company coverage: ADTB.NS

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Sept 26 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL - INVESTS 5 BILLION RUPEES IN THE EQUITY SHARES OF ADITYA BIRLA FINANCE

• ADITYA BIRLA CAPITAL - INVESTMENT MADE ON RIGHTS BASIS IN ADITYA BIRLA FINANCE

Source text for Eikon: [ID:]

Further company coverage: ADTB.NS

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** Shares of Aditya Birla Capital ADTB.NS rise as much as 5.7% to 240 rupees

** The non-banking financial co gets RBI approval for merger with unit Aditya Birla Finance

** Stock above 200-day simple moving avgs since April 3, after Macquarie said ADTB will show strong growth in loans and earnings in next two years

** Avg rating of the 9 analysts is "strong buy" and median PT is 262.5 rupees, ~13% higher than current price - LSEG data

** Stock up 1.8%, extending YTD gains to ~39%; on track to gain for four consecutive years

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 18 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• RECEIPT OF NO OBJECTION LETTER FROM RBI

• NO OBJECTION LETTER FOR PROPOSED AMALGAMATION OF ADITYA BIRLA FINANCE WITH CO

Source text for Eikon: [ID:]

Further company coverage: ADTB.NS

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Aug 30 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• COMPLETED SALE OF STAKE IN ADITYA BIRLA INSURANCE BROKERS

Source text for Eikon: ID:nNSE9Cl6Y9

Further company coverage: ADTB.NS

(Reporting by VijayDattaram Malkar)

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July 25 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• AGREEMENT TO SELL ADITYA BIRLA INSURANCE BROKERS EXTENDED TO SEPT 30

Further company coverage: ADTB.NS

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Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL- GOT NO OBJECTION FROM EXCHANGES ON AMALGAMATION OF ADITYA BIRLA FINANCE, CO

Source text for Eikon: ID:nBSE7FpPXQ

Further company coverage: ADTB.NS

May 31 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL LTD - UNIT INFORMED CO ABOUT PROPOSED INVESTMENT OF UPTO 5 BILLION RUPEES IN EQUITY SHARES OF IDFC FIRST BANK

Source text for Eikon: [ID:]

Further company coverage: ADTB.NS

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Recasts lede, adds details throughout

By Siddhi Nayak

MUMBAI, April 16 (Reuters) - Three key financial businesses of India's Aditya Birla group are expected to grow 19%-21% in the next three to five years, the cement-to-retail conglomerate's chairman Kumar Mangalam Birla said on Tuesday.

Speaking at an event in Mumbai, Birla was referring to the company's credit, investment and insurance arms, but did not provide more details how the growth would be achieved.

These segments accounted for a lion's share of its financial services arm Aditya Birla Capital Ltd's (ABCL) ADTB.NS third-quarter earnings, amounting to roughly 79% of the revenue.

Besides those three units, Aditya Birla's financial services offerings include asset reconstruction and pension management.

At the event, ABCL unveiled a digital application called ABCD - a platform that offers facilities like payments and financial services such as loans.

The company has spent around 1 billion rupees (roughly $12 million) to create the app, said ABCL CEO Vishakha Mulye, and aims to acquire 30 million customers in the next three years.

($1 = 83.5167 Indian rupees)

(Reporting by Siddhi Nayak in Mumbai; Writing by Hritam Mukherjee; Editing by Savio D'Souza and Varun H K)

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** Shares of non-banking financial company Aditya Birla Capital ADTB.NS up ~3% at 187.15 rupees

** Macquarie says ADTB expected to show strong growth in loans and earnings, driven by its lending and deposits businesses in the next few years; ADTB is its top pick in NBFC space

** Brokerage initiates coverage with "Outperform" rating, PT 230 rupees, a 26.5% premium to Monday's closing price

** Macquarie's PT second-highest on Street after Investec and JM Financial's PT of 240 rupees - LSEG data

** Access to competitive funding and strong SME business growth should drive profitability of co's NBFC/insurance businesses - brokerage

** Adds, availability of a large group ecosystem, diversified distribution mix to facilitate robust loan growth higher than peers such as Bajaj Finance BJFN.NS and Bajaj Finserv BJFS.NS

** Stock up 12.5% YTD, its fourth straight year of gains

(Reporting by Kashish Tandon in Bengaluru)

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March 18 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• APPROVED SALE OF SHARES UP TO 14.4 MILLION SHARES OF ADITYA BIRLA SUN LIFE AMC

• APPROVED SALE OF SHARES OF ADITYA BIRLA SUN LIFE AMC BY WAY OF AN OFFER FOR SALE

Further company coverage: ADTB.NS

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March 14 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• CONTINUE TO EXPLORE VARIOUS OPTIONS FOR ACHIEVING MINIMUM PUBLIC SHAREHOLDING IN ADITYA BIRLA SUN LIFE AMC

Source text for Eikon: ID:nBSEyD36r

Further company coverage: ADTB.NS

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** Shares of Aditya Birla Capital ADTB.NS up as much as 5.8% to 190.30 rupees

** ADTB said it will merge with its unit Aditya Birla Finance and turn into an operating NBFC from a holding company

** More than 6.9 mln shares change hands, in line with the 30-day moving average

** Analysts' avg rating on ADTB at "strong buy"; median PT is 220 rupees - LSEG data

** Stock up 11% YTD after rising for three straight years

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Adds details throughout

BENGALURU, March 11 (Reuters) - India's Aditya Birla Capital Ltd (ABCL) ADTB.NS said on Monday it will merge with its unit Aditya Birla Finance and turn into an operating non-banking financial company from a holding company.

On a proforma basis, total assets of the merged company as of Dec. 31 stood at 1.10 trillion rupees ($13.30 billion), and it expects an around 150 basis point increase in total capital adequacy ratio, it said in a statement.

After the merger, Aditya Birla Capital would be a unified entity with "greater financial strength and flexibility enabling direct access to capital," it said, adding that there would be no change in the shareholding structure and management.

ABCL's shares have gained 8.1% so far this year after rising 10.8% in 2023.

($1 = 82.7210 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru; Editing by Sonia Cheema)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Feb 23 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL LTD - MADE INVESTMENT OF 500 MILLION RUPEES ON RIGHTS BASIS, IN EQUITY SHARES OF ADITYA BIRLA CAPITAL DIGITAL

Source text for Eikon: [ID:]

Further company coverage: ADTB.NS

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Corrects headline to remove reference to profit fall, adds bullet 2 to say year-ago profit included a fair value gain

Feb 1 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL DEC-QUARTER CONSOL NET PROFIT 7.36 BILLION RUPEES VERSUS PROFIT 32.69 BILLION RUPEES

• ADITYA BIRLA CAPITAL YR-AGO DEC-QTR CONSOL PROFIT INCLUDED FAIR VALUE GAIN OF 27.39 BLN RUPEES

• ADITYA BIRLA CAPITAL LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 88 BILLION RUPEES VERSUS 69.38 BILLION RUPEES

Source text: https://bityl.co/Nv8G

Further company coverage: ADTB.NS

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Dec 26 (Reuters) - Aditya Birla Capital ADTB.NS :

• ADITYA BIRLA CAPITAL SAYS INVESTMENTS ON RIGHTS BASIS, IN SHARES OF ADITYA BIRLA CAPITAL DIGITAL FOR 500 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ADIA.NS

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Dec 14 (Reuters) - Aditya Birla Capital Ltd ADTB.NS:

• ADITYA BIRLA CAPITAL LTD - MADE AN INCREMENTAL INVESTMENT IN EQUITY SHARES OF ADITYA BIRLA SUN LIFE INSURANCE COMPANY

• ADITYA BIRLA CAPITAL LTD - INCREMENTAL INVESTMENT OF 510 MILLION RUPEES

• ADITYA BIRLA CAPITAL LTD - MADE INCREMENTAL INVESTMENT ON RIGHTS BASIS

• ADITYA BIRLA CAPITAL LTD - NO CHANGE IN PERCENTAGE SHAREHOLDING OF CO IN ADITYA BIRLA SUN LIFE INSURANCE COMPANY

Source text for Eikon: ID:nNSE4sl9Vg

Further company coverage: ADTB.NS

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** Shares of Aditya Birla Capital ADTB.NS fall as much as 7.08% to 160.80 rupees, lowest in more than six months

** Morgan Stanley says scaling-down of small-ticket consumer loans sources from Paytm PAYT.NS poses downside risks to earnings forecasts

** Paytm had announced scaling down of its low-ticket post-paid lending business

** ADTB is one of the lenders sourcing loans from PAYT

** Consumer loans of 40.6 bln rupees constitutes 4.3% of ADTB's total loans, PAYT's post-paid loans should account for 18.7 bln rupees out of the total consumer loans - Morgan Stanley

** As ADTB scales down the portfolio, there could be downside sides for loan growth, says Morgan Stanley

** Sees earnings impact to be under 2-3%, reiterates "equal-weight" on ADTB

** Trading volume is 12.25 mln shares as of 11:49 a.m. IST, 3.3 times the 30-day avg - LSEG data

** Stock up 11% in 2023 so far, including day's losses; PAYT shares down 18% on the day

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))