Aditya Birla Capital Makes Significant Investment in Subsidiary Aditya Birla Housing Finance Limited
Aditya Birla Capital Limited has made a substantial investment of Rs. 249,99,99,946 in the equity shares of its subsidiary, Aditya Birla Housing Finance Limited, on a rights basis. This investment has no impact on the percentage shareholding of Aditya Birla Capital Limited in its subsidiary, Aditya Birla Housing Finance Limited, which continues to be a wholly owned subsidiary. The investment details are as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Takeaways:
- Aditya Birla Capital Limited has invested Rs. 249,99,99,946 in Aditya Birla Housing Finance Limited on a rights basis.
- The investment has no change in the percentage shareholding of Aditya Birla Capital Limited in its subsidiary.
- Aditya Birla Housing Finance Limited remains a wholly owned subsidiary of Aditya Birla Capital Limited.
- The investment details comply with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Aditya Birla Capital Limited is committed to transparency and disclosure in compliance with regulatory requirements.
- The investment is aimed at supporting the growth and development of Aditya Birla Housing Finance Limited.
Statistics:
- Rs. 249,99,99,946: Amount invested by Aditya Birla Capital Limited in Aditya Birla Housing Finance Limited on a rights basis.
- 100%: Percentage shareholding of Aditya Birla Capital Limited in Aditya Birla Housing Finance Limited post-investment.
Sources:
- Aditya Birla Capital Notice dated [no date specified] to the National Stock Exchange of India in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015