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Aditya Birla Capital injects Rs 3 bn into housing finance unit
2024-05-31
Aditya Birla Capital, a financial services firm, announced that it had injected Rs 300 crore into its housing finance subsidiary, Aditya Birla Housing Finance (ABHFL), to support business expansion.
According to Aditya Birla Capital in a regulatory filing, the investment is intended to address ABHFL's growth and funding needs, as well as to enhance its leverage ratio.
The company disclosed that it had subscribed to equity shares of ABHFL on a rights basis, with a total cash consideration of Rs 3 billion.
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