Aditya Birla Capital Ltd (ABCL), the financial services arm of the Aditya Birla Group, has announced a capital infusion of ₹900 crore in two of its subsidiaries, Aditya Birla Finance Ltd (ABFL) and Aditya Birla Capital Digital Ltd (ABCDL), through a rights basis investment.
In a stock exchange filing, the company disclosed, “Aditya Birla Capital Limited (ABCL) has made investments on a rights basis in the equity shares of Aditya Birla Finance Limited (ABFL) — ₹849,99,99,456 and Aditya Birla Capital Digital Limited (ABCDL) — ₹50,00,00,000.” The filing also emphasized that these investments do not alter ABCL’s percentage shareholding, maintaining a 100% stake in ABFL, with both entities remaining wholly-owned subsidiaries.
The equity shares for both subsidiaries were allocated on December 26, 2023. The purpose behind these substantial investments, as stated by the company, is to fulfill the growth and funding requirements of Aditya Birla Finance Ltd and Aditya Birla Capital Digital Ltd.
On the stock market, Aditya Birla Capital Ltd’s shares concluded at ₹159.90, marking a marginal increase of ₹0.100 or 0.063% on the BSE.
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