Aditya Birla Capital Share: This Company Invested ₹40 Crore – Know the Details

Non-banking financial company Aditya Birla Capital Ltd (ABCL) announced after the market closed on Monday that it has invested ₹40 crore in its wholly-owned subsidiary, Aditya Birla Capital Digital Ltd (ABCDL). In a regulatory filing, the company stated that this investment was made by subscribing to ABCDL’s equity shares on a rights basis. The entire amount was paid in cash. The company clarified that this investment has not resulted in any change in the shareholding structure, and ABCL’s stake in ABCDL remains 100 percent.

According to the company, the purpose of this investment is to meet ABCDL’s growth and funding requirements. This transaction did not require any government or regulatory approvals. In its exchange filing, ABCL reported that its consolidated income increased by 4 percent year-on-year to ₹12,481 crore. The company’s profit in the September quarter was ₹882.5 crore, compared to ₹1,015 crore in the same quarter a year earlier.

Share Performance

On Monday, the company’s share closed 0.57 percent lower at ₹346.15. Over the past year, the company’s share price has increased by 92.23 percent.