Aditya Birla Capital has invested ₹60 Crore in its wholly-owned subsidiary, Aditya Birla Capital Digital, via a rights issue. This investment does not affect the parent company’s 100% ownership in Aditya Birla Capital Digital.
The subsidiary is set to become a non-banking financial company (NBFC) after combining with another unit, as per the regulatory filing.
Previously, Aditya Birla Capital had invested ₹300 Crore in Aditya Birla Housing Finance Ltd (ABHFL) through a rights issue. The recent funds will support the growth and financial needs of Aditya Birla Capital Digital within the financial services industry.
This strategic move is aimed at enhancing the company’s digital capabilities and expanding its service offerings in the financial sector. The investment aligns with the broader industry trend of digitalization in financial services.
Aditya Birla Capital’s commitment to strengthening its portfolio in the digital space reflects its focus on sustaining growth and meeting evolving market demands.
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