Aditya Birla Capital Strengthens Housing Finance Business through Strategic Investments

Aditya Birla Capital (ABCL) has invested heavily in its wholly-owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). ABCL has pumped ₹300 crore into ABHFL in the past few months through a rights issue to finance growth and enhance its leverage ratio. ABHFL also received ₹3 billion from ABCL in early 2024, bolstering its financial health and ability to expand even more.

 

These investments reinforce ABCL's thrust in consolidating its housing finance business. ABHFL is still a completely-owned subsidiary with 100% stake retained by ABCL following the investment. The strategic finance is meant to drive business expansion and address the funding requirements in order to firmly establish ABHFL as an entity in India's housing finance business.

 

This action is symptomatic of ABCL's agenda to deepen its financial services group and enable constant growth among the subsidiaries.

 

Source: Referencing news coverage by Business Standard, CNBC TV18, and Marketscreener