Investment30 May 2025, 05:11 pm
Aditya Birla Capital Invests Rs. 249 Crore in Wholly Owned Subsidiary Aditya Birla Housing Finance Limited
AI Summary
Aditya Birla Capital Limited (ABCL) has invested Rs. 249,99,99,991 on a rights basis in the equity shares of its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). This investment does not change ABCL's percentage shareholding in ABHFL, which remains at 100%. The investment is made to fund ABHFL's growth and improve its leverage ratio.
Key Highlights
- Aditya Birla Capital Limited invests Rs. 249 crore in Aditya Birla Housing Finance Limited.
- The investment does not change ABCL's percentage shareholding in ABHFL.
- The investment is made to fund ABHFL's growth and improve its leverage ratio.
- ABHFL is a wholly owned subsidiary of ABCL.
- The transaction is at 'arm’s length'.