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Aditya Birla Capital invests Rs 300 crore in housing finance arm

Aditya Birla Capital (ABCL) said that it has made an investment of Rs 300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL).
Aditya Birla Capital has invested Rs 300 crore in its housing finance subsidiary, Aditya Birla Housing Finance (ABHFL), through a rights issue to support its growth and expansion plans. This investment aims to bolster the company's capital base, enabling it to pursue new business opportunities and enhance its market position in the housing finance sector. The move reflects the parent company's commitment to strengthening its financial services portfolio and capitalizing on the growing demand for housing finance in India.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/capital-market-news/aditya-birla-capital-invests-rs-300-crore-in-housing-finance-arm-124120400443_1.html ]