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Aditya Birla Capital will maintain full ownership of the mortgage lender after the capital infusion.
“Aditya Birla Capital has made an investment of ₹300 crore on a rights basis in the equity shares of Aditya Birla Housing Finance,” according to a stock exchange filing. “There is no change in the percentage shareholding of Aditya Birla Capital, and Aditya Birla Housing Finance remains a wholly-owned subsidiary of the company.”
The mortgage lender recently secured an investment of ₹830 crore through non-convertible debentures from the International Finance Corporation. These funds will be used to offer home loans to low-income and middle-income groups. A part of the loan will be used to fund MSMEs, focusing on women-led enterprises, to foster growth and economic development.
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https://economictimes.indiatimes.com/markets/stocks/news/aditya-birla-cap-infuses-rs-300-cr-in-housing-finance-arm-via-rights-issue/articleshow/118911113.cms
