Mumbai, July 17 -- Aditya Birla Capital Ltd (ABCL) officially informed the stock exchanges here on Friday that it has invested Rs 484.5 crore in Aditya Birla Sun Life Insurance Company Ltd (ABSLI) through a rights issue of equity shares.
"We wish to inform you that Aditya Birla Capital Limited (the company or ABCL) has made an investment of Rs 4,84,49,98,470/- (Rupees Four Hundred and Eighty-Four Crores Forty-Nine Lakhs Ninety-Eight Thousand Four Hundred and Seventy Rupees Only) on a rights basis, in the equity shares of Aditya Birla Sun Life Insurance Company Limited," according to its stock exchange filing.
The investment was made on a rights basis for an aggregate cash consideration of Rs 4,84,49,98,470.
Following the investment, ther...