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Aditya Birla Capital invests Rs 849.99 cr in two wholly-owned subsidiaries

Wednesday, 27 Dec 2023
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Diversified financial services player Aditya Birla Capital (ABCL) has infused Rs 849.99 crore and Rs 50 crore in two wholly-owned subsidiaries, Aditya Birla Finance (ABFL) and Aditya Birla Capital Digital (ABCDL), respectively.

The investment is being made through subscription of equity shares of ABFL, on rights basis.

With this investment in both the entities, the company seeks to meet its growth and funding requirements and improve its leverage ratio.

ABCL’s revenue from operations stood at Rs Rs 7,721 crore in Q2/FY24, accelerating by 13 percent as against Rs 6,830 crore reported in the previous year.
 

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