Aditya Birla Capital (ABCAP IN) India
Financials
No comment from ABC despite a flurry of senior level exits at its NBFC subsidiary Aditya Birla Finance Ltd. - since May 2021, at least five senior officials in-charge of business verticals and control functions including the CFO have quit. The fact that these departures coincide with the Securities and Exchange Board of India (SEBI) investigating dodgy deals at ABFL should send alarm bells ringing for stakeholders.
Edition: 119
- 17 September, 2021