Birla Sun Life Injects Rs 30 Cr More Capital

Mumbai, December 24: | Updated: Dec 25 2002, 05:30am hrs
Birla Sun Life Insurance has augmented its capital by Rs 30 crore to Rs 180 crore.

This increase will be shared by Birla Group and Sun Life Financial as per their shareholding pattern of 74 per cent and 26 per cent respectively.

The company CEO Nani Javeri said that the fresh capital would be utilised to support the increased activity levels in the three distribution channels and necessary infrastructure for the number of new products under development.