Aditya Birla Capital Limited (ABCL) has announced an investment of ₹100 crore in its wholly-owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL). The infusion, made on a rights basis, aims to support ABCDL’s growth and funding needs while bolstering the company’s digital financial services capabilities.
Despite the investment, ABCL’s 100% ownership of ABCDL remains unchanged. The transaction was carried out on an arm’s length basis, as confirmed in a regulatory filing. ABCDL, a key player in the financial services sector, is an integral part of ABCL’s strategic focus on leveraging technology to enhance customer experience and expand its footprint in the digital space.
The equity shares were allotted on November 19, 2024, marking the completion of the transaction. With this investment, ABCL underscores its commitment to digital innovation, recognizing the growing demand for technology-driven financial solutions.
