Latest News | Aditya Birla Capital Infuses Rs 900 Cr in Two Subsidiaries

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.

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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.

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The investment in the other wholly-owned subsidiary is to meet growth and funding requirements, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)