Aditya Birla Capital today has announced an investment of Rs 300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). The investment was made through the subscription of equity shares in ABHFL on a rights basis.
ABHFL operates in the housing finance sector and is a wholly-owned subsidiary of ABCL. The purpose of this investment is to support the growth and funding requirements of ABHFL and to improve its leverage ratio. The transaction is classified as a related party transaction but has been conducted at arm’s length, with ABCL serving as both the holding company and promoter of ABHFL.
The equity shares were allotted to ABCL on August 27, 2024, and the investment does not require any additional governmental or regulatory approvals. The shareholding of ABCL in ABHFL remains unchanged at 100%, ensuring continued full control over the subsidiary.
