Aditya Birla Capital Injects Rs 300 Crore Into Housing Finance Arm for Growth

Aditya Birla Capital has invested Rs 300 crore in its housing finance subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), to support business growth and improve leverage ratios. The company made this investment via subscribing equity shares of ABHFL on a rights basis, as stated in a regulatory filing.

Financial Services firm Aditya Birla Capital on Wednesday said it has infused Rs 300 crore in its housing finance arm Aditya Birla Housing Finance Ltd (ABHFL) to fund business growth. The company is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio, Aditya Birla Capital said in a regulatory filing. Aditya Birla Capital subscribed equity shares of ABHFL, on rights basis for aggregate cash consideration of Rs 300 crore, it said.

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