| Project Detail |
To accelerate India’s transition to a low-carbon economy by advancing renewable energy infrastructure or fostering electric mobility ecosystems, thereby reducing greenhouse gas emissions. DESCRIPTION The Project contemplates providing debt financing of USD150 million in INR equivalent to Aditya Birla Finance Limited (ABFL) to support its lending to projects in renewable energy and E-mobility sectors in India. The financing will be provided through subscription to non-convertible debentures (NCDs) to be issued by ABFL. ABFL is a non-banking finance company (NBFC) providing diversified lending and financing solutions in India, including project finance loans, corporate loans, SME loans and personal loans. It is a 100% subsidiary of Aditya Birla Capital Limited (ABCL), which is the holding company for all financial services businesses of Aditya Birla Group (ABG). |
