Aditya Birla Capital Invests ₹300 Crore in Aditya Birla Housing Finance
Aditya Birla Capital Invests ₹300 Crore in Aditya Birla Housing Finance
On December 3, 2024, Aditya Birla Capital Limited (ABCL) announced an equity investment of ₹300,00,00,041 (Rupees Three Hundred Crore and Forty-One Only) in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). The investment, made on a rights basis, does not alter ABCL’s percentage shareholding in ABHFL.
Purpose of the Investment:
The funds are intended to support ABHFL’s growth and strengthen its leverage ratio.
Key Transaction Details:
- Nature of Transaction: Conducted at “arm’s length.”
- Allotment Date: Equity shares were allotted on December 3, 2024.
- Consideration: Paid entirely in cash.
- Regulatory Approvals: No government or regulatory approvals were required.