NATIONAL Aditya Birla Group effects major restructuring In a major restructuring aimed at infusing investments in high-growth businesses and synergising financial services operations, the Rs 30,000 crore Aditya Birla Group today (Sept 11, 2005) merged Indo Gulf Fertilisers and Birla Global Finance Ltd into Indian Rayon Ltd and announced that the new entity would be called 'Aditya Birla Nuvo'.
FIIs records purchases in equities at Rs 1095.9 cr Foreign Institutional Investors (FIIs) recorded net purchases in equities at Rs 1095.9 crore (US$ 250.5 million) for the trading week ended on September nine while Mutual Funds (MFs) were also net purchasers at Rs 28.35 crore.
