The Aditya Birla Group has decided to route all its future investments in Idea Cellular through the newly created Aditya Birla Nuvo. The group has announced a merger of its two companies, Indo Gulf Fertilisers and Birla Global Finance, into Indian Rayon and Industries. The latter will now be called Aditya Birla Nuvo.
The group has planned a capital expenditure of Rs 12 billion during this fiscal year.
