Aditya Birla Capital Invests Rs 900 Cr in Subsidiaries
By Rediff Money Desk, NEWDELHI Dec 26, 2023 21:08
Aditya Birla Capital has invested Rs 849.99 crore in Aditya Birla Finance and Rs 50 crore in Aditya Birla Capital Digital Ltd to support their growth and funding requirements.
![Aditya Birla Capital Invests Rs 900 Cr in Subsidiaries](https://im.rediff.com/money/2016/aug/12birla.jpg)
New Delhi, Dec 26 (PTI) 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.
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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...