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Aditya Birla Sun Life deployed Rs 1,950.97 crore for lending business expansion and loan repayment
31-Jul-2026, 03:51
Aditya Birla Sun Life Capital Advisors Limited has utilized Rs 2,993.14 crore of the Rs 4,000 crore raised through a recent preferential issue of securities, according to a report by India Ratings. The funds, earmarked for growth objectives including lending business expansion and loan repayment, have been deployed as follows: Rs 1,950.97 crore went towards the lending business and Rs 550.97 crore was used for loan repayment. Notably, no funds have been allocated to General Corporate Purposes, a deviation from the initial allocation plan. Currently, Rs 1,006.86 crore remains unutilized and is held in mutual funds and a bank account. While the report indicates the two-year timeframe for complete implementation is still in progress, the substantial unutilized portion and lack of GCP deployment warrant further investigation and clarification from the company.
Aditya Birla Sun Life Capital Advisors Limited has utilized Rs 2,993.14 crore of the Rs 4,000 crore raised through a recent preferential issue of securities, according to a report by India Ratings. The funds, earmarked for growth objectives including lending business expansion and loan repayment, have been deployed as follows: Rs 1,950.97 crore went towards the lending business and Rs 550.97 crore was used for loan repayment. Notably, no funds have been allocated to General Corporate Purposes, a deviation from the initial allocation plan. Currently, Rs 1,006.86 crore remains unutilized and is held in mutual funds and a bank account. While the report indicates the two-year timeframe for complete implementation is still in progress, the substantial unutilized portion and lack of GCP deployment warrant further investigation and clarification from the company.