Aditya Birla Capital moves up on investing Rs 300 crore in ABHFL
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Aditya Birla Capital is currently trading at Rs. 223.30, up by 0.75 points or 0.34% from its previous closing of Rs. 222.55 on the BSE.
The scrip opened at Rs. 225.20 and has touched a high and low of Rs. 225.20 and Rs. 221.65 respectively. So far 32134 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.95 on 20-Jun-2024 and a 52 week low of Rs. 155.00 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 226.00 and Rs. 218.80 respectively. The current market cap of the company is Rs. 58073.95 crore.
The promoters holding in the company stood at 68.89%, while Institutions and Non-Institutions held 18.24% and 11.99% respectively.
Aditya Birla Capital (ABCL) has made an investment of Rs 300 crore on rights basis, in the equity shares of Aditya Birla Housing Finance (ABHFL). Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiary of the Company.
ABCL is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio. ABHFL has allotted the equity shares on August 27, 2024. The percentage shareholding of ABCL in ABHFL continues to remain at 100%.
Aditya Birla Capital is one of the largest financial services players in India.
