Aditya Birla Capital Invests Rs 500 cr in NBFC Subsidiary
Aditya Birla Capital has infused Rs 499.9 crore in its NBFC subsidiary, Aditya Birla Finance Limited, on rights basis. The investment aims to meet growth and funding requirements and improve leverage ratio.
New Delhi, Sep 26 (PTI) Aditya Birla Capital Ltd (ABCL) on Thursday said it has made an investment of Rs 499.9 crore in its NBFC subsidiary Aditya Birla Finance Limited on rights basis.
Pursuant to the investments, there is no change in the percentage shareholding of the parent and Aditya Birla Finance Limited continue to be wholly-owned subsidiary of the company, Aditya Birla Capital Limited said in a regulatory filing.
The capital infusion done in the NBFC to meet its growth and funding requirements and improve its leverage ratio, it said.
Pursuant to the investments, there is no change in the percentage shareholding of the parent and Aditya Birla Finance Limited continue to be wholly-owned subsidiary of the company, Aditya Birla Capital Limited said in a regulatory filing.
The capital infusion done in the NBFC to meet its growth and funding requirements and improve its leverage ratio, it said.
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