This investment will further aid ABCDL, which is the key expander of all digital initiatives for the Aditya Birla Group in both Capex and Opex.
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The capital infusion was in line with ABCL’s strategy to increase its housing finance operations and support future growth, Chandak said in the statement.
The investment is primarily done to help ABCDL for further growth and funding requirement. At the same time, it would improve group's digital initiatives.
The recent funds will support the growth and financial needs of Aditya Birla Capital Digital within the financial services industry.
ABCL’s consolidation aims to improve operational efficiency, simplify processes, and enhance capital allocation across subsidiaries, benefiting shareholders.
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