Aditya Birla Capital has announced an investment of ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance, through a rights issue of equity shares.
According to the exchange filing, the investment aims to support ABHFL’s growth and enhance its leverage ratio. As ABHFL is a wholly-owned subsidiary, the transaction, while classified as a related party transaction, has been conducted at arm’s length. ABCL remains both the holding company and promoter of ABHFL.
There will be no change in the percentage shareholding and Aditya Birla Housing Finance remains a wholly-owned subsidiary of Aditya Birla Capital, with the latter’s stake continuing to remain at 100%.
The transaction was conducted through a cash consideration.
Aditya Birla Capital is the holding company for the financial services businesses of the Aditya Birla Group.
