Aditya Birla Capital invest Rs 300 cr in housing finance unit

The company said that there is no change in the percentage shareholding of ABCL and ABHFL continues to be wholly owned subsidiary of the company.

The investment is aimed at supporting ABHFL's growth, funding requirements, as well as improving its leverage ratio

Aditya Birla Capital is the holding company for the financial services businesses of the Aditya Birla Group.

The company's consolidated net profit rose 17% to Rs 758.84 crore in Q1 FY25 as against Rs 648.76 crore reported in Q1 FY24. Total income jumped 26% year on year to Rs 8,962.50 crore in Q1 FY25.

Shares of Aditya Birla Capital shed 0.11% to Rs 222.30 on the BSE.