Aditya Birla Capital Ltd (ABCL) has incorporated Aditya Birla Capital Digital Ltd (ABCDL) as a wholly-owned subsidiary.
ABCL said the new subsidiary has been incorporated to engage in distribution of financial products and services, including web-based services, e-commerce, and payments facilities and allied activities.
ABCL, in a regulatory filing, said it has subscribed to 5 lakh equity shares of ABCDL of a face value Rs 10 each, aggregating to an initial subscription amount of Rs 50 lakh.
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