Aditya Birla Nuvo’s Arm Gets Fresh Fund Of Rs 300 Crore (07-Sep-2010)
Aditya Birla Nuvo’s subsidiary Aditya Birla Finance has received capital infusion of Rs 300 crore from its promoter group for its business expansion plans.
The fresh fund will help the company in meeting its solvency requirements and expanding operations by enlarging its portfolio with new product launches. The company further plans to enter into project finance and will lend to infrastructure companies, in addition to growing its existing businesses of capital markets, corporate advisory and microfinance.
Aditya Birla Finance, (formerly known as Birla Global Finance Company) is a part of the Aditya Birla Financial Services Group and is one of India’s leading non-banking financial companies having diversified interests in the financial services sector.
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