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The Economic Times
The Economic Times
Business

Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr

IFC Aditya Birla Capital Aditya Birla Group Kumar Mangalam Birla India

Mumbai: Aditya Birla Capital on Wednesday announced a Rs 4,000 crore fund raise from its parent and International Finance Corporation to fund future growth.

Aditya Birla Group will invest Rs 3,080 crore, and IFC has put Rs 980 crore through the preferential issue of shares, which was cleared by ABC's board on Wednesday.

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