Aditya Birla Capital listing in six weeks: Sushil Agarwal, Group CFO

In a chat with ET Now, Sushil Agarwal, Group CFO, Aditya Birla Group talks about the holistic growth story of Grasim and on future prospects. Edited excerpts:

ET Now: What's essentially happening in Grasim?
Sushil Agarwal: We targeted completing during this quarter, the merger has happened, the de-merger of financial arm Aditya Birla Capital has taken place. The listing is on the way that is the last piece which is left for financial services business. I do not think there is any specific challenges, which I want to talk about so far integration is concerned.

During the merger process there were a few challenges and we kind of went around and made sure those challenges are being explained better to all the stakeholders. We saw a good response at the end of the day all the shareholders are happy. I am sure the returns to every shareholder has been good.

ET Now: It has been a smooth sailing so far in the past one and a half months as far as the integration process go?
Sushil Agarwal: Absolutely.

ET Now: Let us look at the financial services sector a little more closely. Premji Invest, which is of course Wipro Chairman Azim Premji’s investment arm, has picked up a 2.2% worth about Rs 700 crores in Aditya Birla Capital. Will you look for more strategic financial investors in Aditya Birla Capital before that much awaited IPO?
Sushil Agarwal: No, I do not think currently anything has been planned. It's all dilution, raising more capital, it is all dependent on what the plan of underlying businesses are. As of now, I do not think we are planning anymore dilution.