Mumbai, Dec. 29 -- Aditya Birla Capital Ltd (ABCL) officially announced to the stock exchange through a regulatory filing on Monday that it has invested Rs 40 crore in its wholly-owned subsidiary, Aditya Birla Capital Digital Ltd (ABCDL) through a rights issue.
The company said the investment was made by subscribing to equity shares of ABCDL on a rights basis for which the entire payment was in cash.
Aditya Birla Capital stated that the objective behind the investment is to meet the growth and funding requirements of ABCDL and that no regulatory approvals were required for the transaction.
As per the statement, there is no change in the shareholding pattern after the investment, and ABCDL continues to remain a wholly-owned subsidiary of ...