Aditya Birla Group Stock Trading Near 52-Week Low Recommends Rs 5.25/Share Final Dividend

Aditya Birla Sun Life AMC Ltd. (ABSL AMC) on Thursday, April 27, 2023, at their Board meeting recommended a final dividend of Rs. 5.25 per equity share for the financial year 2022-23. The recommended final dividend is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM).

ABSL AMC is a subsidiary of Aditya Birla Capital Ltd, an Aditya Birla group company. It offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings. This is a Midcap company with a market capitalisation of Rs. 9,712.80 crore.

Recommends a Final Dividend of Rs. 5.25 per equity share

According to a regulatory filing by the Board of Directors of Aditya Birla Sun Life AMC Ltd, "Recommendation of final dividend of ₹5.25 per equity share of the Company for the financial year ended March 31, 2023, subject to the approval of shareholders at the ensuing Annual General Meeting ('AGM'). If approved by the shareholders, the final dividend shall be paid within thirty days from the conclusion of AGM. Record date for the purpose of determining shareholders eligible to receive dividend, shall be intimated in due course of time."

Stock Overview - Current Market Price, 52 Week Low/High, Returns

The stock of ABSL AMC is trading at Rs 338.30 apiece on NSE, up 0.36 apiece from its previous close of Rs 337.10 apiece. Its 52 week high is Rs 535 apiece and 52 week low is Rs 307 apiece, respectively. It was listed on 11 October 2021.

The stock since its listing has given 51.67% negative return. It has fallen 1.94% in 1 week. It has given 8.89% positive return in 1 month. In the past year, it has given 36.38% negative return.

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