Aditya Birla Capital (ABCL) has made an investment of Rs 300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiary of the Company.
ABCL is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio. ABHFL has allotted the equity shares on August 27, 2024. The percentage shareholding of ABCL in ABHFL continues to remain at 100%.
Aditya Birla Capital is one of the largest financial services players in India.
