Business Standard

Aditya Birla Capital infuses Rs 900 cr in 2 wholly-owned subsidiaries

Aditya Birla Capital Ltd on Tuesday said it has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries -- Aditya Birla Finance and Aditya Birla Capital Digital Ltd, respectively

Aditya Birla Finance Q3 consolidated net doubles to Rs 577 cr

ABCL made the investment in Aditya Birla Finance to meet its growth and funding requirements and improve its leverage ratio, it said.

Press Trust of India New Delhi

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Diversified financial services player Aditya Birla Capital Ltd (ABCL) on Tuesday said it has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries -- Aditya Birla Finance and Aditya Birla Capital Digital Ltd, respectively.
The investments were done through rights basis, ABCL said in a regulatory filing.
Pursuant to the investments, there is no change in the percentage shareholding of ABCL and both continue to be wholly-owned subsidiaries, it said.
ABCL made the investment in Aditya Birla Finance to meet its growth and funding requirements and improve its leverage ratio, it said.
The investment in the other wholly-owned subsidiary is to meet growth and funding requirements, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 26 2023 | 9:25 PM IST

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