Aditya Birla Capital Limited — JV/Acquisition, 03-12-2024: Acquisition

Aditya Birla Capital Limited has made a cash investment of ₹300 Cr in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL), on a rights basis. This move aims to enhance ABHFL's growth and improve its leverage ratio. The acquisition maintains ABCL's 100% shareholding in ABHFL, reinforcing its strategic position in the housing finance sector. This investment is expected to bolster operational capabilities and support ABHFL's business expansion, ultimately benefiting shareholders through improved financial metrics.