Aditya Birla Finance gets Rs 300 cr from promoters

Aditya Birla Finance, a subsidiary of Aditya Birla Nuvo and the NBFC arm of the Aditya Birla Financial Services Group, announced a capital infusion of Rs 300 crore from its promoter group to give a boost to its net worth and business expansion plans. The NBFC is actively pursuing new avenues for growth while the focus will continue to remain on creating and maximizing value for all our stakeholders. Long-term and asset backed products would continue to be the key drivers of the company’s growth plan.The fresh capital infusion will thus help ABF in meeting the solvency requirements and expanding operations due to increase in NBFC’s portfolio and new product launches. crackcrack