BIRLAMONEY

Oct 16 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• ADITYA BIRLA MONEY SEPT-QUARTER PAT 266.9 MILLION RUPEES

• ADITYA BIRLA MONEY SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 1.26 BILLION RUPEES

Source text for Eikon: ID:nBSE4xP2jC

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Corrects spelling of Zerodha co-founder's name in paragraph 9

Oct 3 (Reuters) - Shares of most Indian brokerages settled lower on Thursday after the markets regulator tightened rules for derivatives trading, while an escalating Middle East conflict weighed on broader markets.

The Securities and Exchange Board of India (SEBI) on Tuesday raised the entry barrier and made it more costly to trade in equity derivatives. The changes will be effective from Nov. 20.

SEBI had first proposed tightening derivatives trading in July.

Online trading platforms Aditya Birla Money ABML.NS and SMC Global Securities SMCG.NS fell the most, dropping 3.7% and 3.8%, respectively. They were flat earlier in the session.

Discount broker 5Paisa Capital PAIS.NS, which rose 3.8% earlier in the day, ended down 2.7%.

The benchmark Nifty 50 .NSEI and S&P BSE Sensex .BSESN posted their worst sessions since early August as the widening Middle East conflict dented risk appetite. .BO

Discount broker Angel One ANGO.NS, was the lone gainer, closing 5.5% higher in a choppy session after analysts at Investec raised the price target on the stock to 3,000 rupees, the second-highest on the Street.

Exchange operator BSE's BSEL.NS shares closed up 2.5% after briefly rising nearly 10%. BSE, which has smaller exposure to the derivatives segment, would be affected less by the new rules than the National Stock Exchange of India, Motilal Oswal said in a note.

SEBI's new rules would hurt 60% of all futures and options trades and 30% of overall trades, Nithin Kamath, co-founder of India's largest brokerage Zerodha, said in a post on X, adding that Zerodha would decide on pricing changes on Nov. 20.

Indian authorities have been flagging concerns about the unchecked explosion of retail investor trading in derivatives and the possibility that it could create challenges for the markets, investor sentiment and household finances.

A SEBI study published last month showed that only 7.2% of individual Indian traders made a profit in futures and options in the three years to March 2024.

($1 = 83.9330 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala and Eileen Soreng)

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Aug 28 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• PRADEEP SHARMA RESIGNS AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE6fTFkZ

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(Reporting by VijayDattaram Malkar)

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July 16 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• NAMES ASHOK SUVARNA AS CEO

Source text for Eikon: ID:nBSE3Q6H6S

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Rewrites with Zerodha comments; updates share prices

BENGALURU, July 2 (Reuters) - Zerodha, India's largest discount broker, said on Tuesday it will in all likelihood have to abandon its zero-brokerage model and raise derivative trading fees after the market regulator mandated uniform charges that are not based on volumes.

Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India (SEBI) wants to curb.

The new fee structure, which kicks in from October, has a significant impact on brokers, traders and investors, Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X.

"With the new circular, we will, in all likelihood, have to let go of the zero brokerage structure and/or increase brokerage for F&O trades," he said, referring to futures and options, which are derivative products in the stock market.

"Brokers across the industry will also have to tweak their pricing."

Shares of listed brokerages Angel One ANGO.NS, SMC Global Securities SMCG.NS, Motilal Oswal MOFS.NS, Geojit Financial GEOJ.NS and Dolat Algotech DOLA.NS fell between 3% and 8% on Tuesday.

5Paisa Capital PAIS.NS ended flat, while exchange operator BSE BSEL.NS dropped about 3.5%.

Some of these stocks have jumped 50%-124% so far this year due to a surge in trading activity, with the blue-chip Nifty 50 .NSEI and S&P BSE Sensex .BSESN indexes trading at all-time highs.

The exchange transaction charge, which constitute between 15%-30% of large brokers' revenues and more than 50% of discount brokers', is crucial for their sustainability, said Tejas Khoday, CEO and co-founder of discount broking firm FYERS.

"A 100% pass-through of exchange transaction charges threatens to destabilise the discount brokerage business model," Khoday said.

The revenue impact on Zerodha could be 10%, and 10%-50% for the industry, Kamath estimated.

The SEBI had warned of rising risks due to a surge in derivative trading. Regulators were discussing steps to cool the frenzy, Reuters reported last month.

(Reporting by Jayshree P Upadhyay and Sethuraman NR in Bengaluru; Editing by Mrigank Dhaniwala and Savio D'Souza)

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June 19 (Reuters) - Aditya Birla Sun Life Insurance:

• RE-APPOINTS KAMLESH RAO AS MD, CEO

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** Shares of Aditya Birla Money ABML.NS rise 5% to hit upper circuit at 128.25 rupees; highest level since Jan 31

** Brokerage says its Q4 PAT more than doubled to 164.6 mln rupees ($1.97 mln); total rev from ops jumped 73.1%

** Stock moves above its 50-day, 100-day SMAs, indicating bullish sentiment

** Trading vol is 1.8x the 30-day daily avg

** Stock gained 74.2% in 2023, most in a year since 2017

** ABML rose 23.6% so far in 2024

($1 = 83.3750 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Jan 12 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• INDIA'S ADITYA BIRLA ARC DEC-QUARTER PAT 423.2 MILLION RUPEES VERSUS 99.5 MILLION RUPEES

• ADITYA BIRLA ARC DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 686.2 MILLION RUPEES VERSUS 267.9 MILLION RUPEES

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Oct 13 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• SEPT-QUARTER PAT 119.2 MILLION RUPEES VERSUS 97.1 MILLION RUPEES YEAR AGO

• SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 963.7 MILLION RUPEES VERSUS 682 MILLION RUPEES YEAR AGO

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July 13 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• JUNE-QUARTER PAT 94.4 MILLION RUPEES VERSUS 81 MILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 784.5 MILLION RUPEES VERSUS 619.7 MILLION RUPEES

Source text for Eikon: ID:nBSE61JLQx

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April 21 (Reuters) - Aditya Birla Money Ltd ABML.NS:

• MARCH-QUARTER PAT 73.7 MILLION RUPEES VERSUS 76.2 MILLION RUPEES

• MARCH-TOTAL REVENUE FROM OPERATIONS 659.1 MILLION RUPEES VERSUS 603.7 MILLION RUPEES

Source text for Eikon: ID:nBSE2D7Khg

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