Aditya Birla Capital Ltd (ABCL), the monetary providers arm of Aditya Birla Group, Tuesday stated it’s infusing ₹850 crore and ₹50 crore in its subsidiaries, Aditya Birla Finance Ltd (ABFL) and Aditya Birla Capital Digital Ltd (ABCDL) respectively on a rights foundation.
“…we want to inform you that, Aditya Birla Capital Restricted (‘the Firm’ or ‘ABCL’) has made investments on a rights foundation, within the fairness shares of Aditya Birla Finance Restricted (‘ABFL’) — ₹849,99,99,456 (Rupees Eight Hundred Forty 9 Crore Ninety 9 Lakh Ninety 9 Thousand 4 Hundred and Fifty Six Solely) and Aditya Birla Capital Digital Restricted (ABCDL) — ₹50,00,00,000 (Rupees Fifty Crore Solely),” the corporate in a inventory trade submitting.
Pursuant to the investments, there isn’t a change within the share shareholding of ABCL. “Proportion shareholding of ABCL in ABFL continues to stay at 100%,” and each the entities proceed to be wholly-owned subsidiaries, the corporate within the submitting.
Aditya Birla Finance Ltd and Aditya Birla Capital Digital Ltd allotted the fairness shares on 26 December 2023, the corporate stated.
The investments in each the subsidiaries are geared toward “assembly their development and funding necessities”, the corporate added.
Shares of Aditya Birla Capital Ltd ended at ₹159.90, up by ₹0.100, or 0.063% on the BSE.
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Revealed: 26 Dec 2023, 09:59 PM IST
Supply: Live Mint