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Aditya Birla Capital sees digital platforms driving growth
Livemint
·
10m ago
Medial
Aditya Birla Capital is focusing on three digital platforms to drive growth and differentiate itself in a competitive landscape. It has already launched Udyog Plus for small businesses and the direct-to-consumer platform ABCD. A third platform, targeted at distributors and channel partners, will be launched in the coming months. The company aims to add 30 million customers to its base of 35 million over three years through the ABCD platform. Pankaj Gadgil, CEO of Aditya Birla Housing Finance, said the platforms will simplify onboarding and enhance the digital experience for customers.
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Aditya Birla Group eyes major fashion statement, targets billion-dollar heft for four of its brands
Economic Times
·
1m ago
Medial
Aditya Birla Group aims to transform its lifestyle brands—Louis Philippe, Van Heusen, Allen Solly, and Peter England—into billion-dollar labels within a decade, driven by changing consumer habits and increasing income levels. The company sees growth potential in the shift towards branded fashion in India's expanding $170 billion market. Originally focused on menswear, these brands now offer a diverse range of products, positioning Aditya Birla to compete globally by capitalizing on evolving market trends.
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Aditya Birla Digital Fashion Invests INR 75 Cr In WROGN
Inc42
·
9m ago
Medial
Aditya Birla Digital Fashion Ventures has acquired a higher stake in the direct-to-consumer (D2C) fashion brand, WROGN, increasing its ownership from 17.10% to 32.84%. This move will help Aditya Birla Digital Fashion to expand its collection of digital-first brands and diversify its brand portfolio. The investment follows a previous acquisition by Aditya Birla Group's fashion and lifestyle arm, TMRW, which acquired a 16% stake in the parent company of WROGN.
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Aditya Birla Capital looks to step up its digital & payments play via digital arm
Inc42
·
1y ago
Medial
Aditya Birla Capital is planning to enhance its digital distribution strategy through its subsidiary, Aditya Birla Capital Digital Ltd (ABCDL). With a focus on acquiring new customers, ABCDL aims to launch an app that will directly source customers for their financial services. The subsidiary has received INR 50 Cr from its parent company and aims to create an omnichannel platform for digital acquisition and cross-selling. ABCDL has also expanded its services to include payments, with plans to launch its payments handle in partnership with private sector banks.
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Aditya Birla Capital infuses ₹750 crore into Aditya Birla Finance Limited
Livemint
·
1y ago
Medial
Aditya Birla Capital has invested ₹750 crore in its subsidiary, Aditya Birla Finance, through a rights issue. The investment aims to support the subsidiary's growth, funding requirements, and leverage ratio improvement. Aditya Birla Finance also plans to raise up to ₹2,000 crore through its maiden public issue of non-convertible debentures (NCDs). At least 75% of the net proceeds from the NCD issue will be used for lending, financing, and repayment of existing borrowings, while the remaining 25% will be allocated for general corporate purposes.
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Aditya Birla Capital, subsidiary Aditya Birla Finance to merge
Livemint
·
1y ago
Medial
Aditya Birla Capital has decided to merge its subsidiary, Aditya Birla Finance, with itself to avoid the public-listing requirement imposed by the Reserve Bank of India. This move aims to simplify the group's structure, strengthen Aditya Birla Capital as an operating non-banking finance company, and reduce regulatory complexities. The merger is subject to regulatory and other approvals and is expected to take effect in the next 9-12 months. Aditya Birla Capital's CEO, Vishakha Mulye, mentioned that they would seek permission from the RBI regarding their stake in the life insurance business, which would exceed the allowed limit.
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Aditya Birla Finance to merge with parent in 12 months
Thehindubusinessline
·
1y ago
Medial
Aditya Birla Capital has announced the merger of its wholly-owned subsidiary, Aditya Birla Finance, to create a unified operating non-banking financial company (NBFC). The merger is expected to be completed within the next 9-12 months and will consolidate the business and entities, simplify the group structure, enhance financial stability, and align business plans. Aditya Birla Capital will convert from a holding company to an operating NBFC after the merger, with the equity investment in Aditya Birla Finance being cancelled. The merger is in line with RBI's scale-based regulations and is subject to regulatory approvals.
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Aditya Birla Finance to raise $150 mn in funding
VCCircle
·
4m ago
Medial
Aditya Birla Finance plans to raise $150 million to support lending in the renewable energy and e-mobility sectors in India. As a subsidiary of Aditya Birla Capital, the company offers various financial services, including project and corporate loans. This funding aims to strengthen their financial capabilities and foster growth in sustainable projects and technology adoption across the country, aligning with environmental and e-mobility advancements.
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Aditya Birla Housing taps offshore investor for fresh capital
VCCircle
·
6m ago
Medial
Aditya Birla Housing is securing $100 million in fresh capital from an offshore investor, the International Finance Corporation (IFC). This funding aims to enhance lending to retail buyers of affordable housing and support financing for micro, small, and medium enterprises (MSMEs), particularly benefiting women borrowers. This initiative aligns with Aditya Birla Housing's strategy to expand its reach in affordable housing and MSME sectors, bolstering economic growth and inclusivity in financing.
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Aditya Birla Fashion to raise $500 mn ahead of Madura Fashion demerger
VCCircle
·
6m ago
Medial
Aditya Birla Fashion and Retail Ltd plans to raise $500 million through preference shares and qualified institutional placement ahead of demerging Madura Fashion. The board approved a $275 million preference share issue and a $225 million QIP. Promoters and Fidelity Investments will contribute. This capital will help reduce debt and support growth strategies. The demerger aims to create Aditya Birla Lifestyle Brands Ltd, enhancing operational independence for better growth. The process is expected to complete by this fiscal year's end.
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Advent International-backed Aditya Birla Capital to merge with financial unit
VCCircle
·
1y ago
Medial
India's Aditya Birla Capital has announced plans to merge with its subsidiary Aditya Birla Finance, converting from a holding company to an operating non-banking financial company. Following the merger, the combined entity will have total assets of INR 1.10tn ($13.30bn) as of December 2023 and expects to see an increase in its total capital adequacy ratio. The merger aims to enhance Aditya Birla Capital's financial strength and flexibility while maintaining the existing shareholding structure and management. The company's shares have gained 8.1% year-to-date.
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