[ad_1] Unsecured business loans are showing early signs of stress in asset quality in India, reveals the latest report from India Ratings and Research. The agency believe that this stress signs come at the back of increasing competitive intensity, continuing pressure on cash flows, on-field attrition, and over-leveraging of borrowers. Speaking to CNBC-TV18, Pankaj Naik, Director, […]
Aditya Birla Capital invests ₹300 crore in housing finance unit via rights issue – CNBC TV18
[ad_1] Aditya Birla Capital Ltd (ABCL) has announced an investment of ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), through a rights issue of equity shares. The investment aims to support ABHFL’s growth and enhance its leverage ratio. As ABHFL is a wholly-owned subsidiary, the transaction, while classified as a related […]