Chennai, Mar 12 (UNI) Promoters of the Birla Sun Life Insurance (BSLI) have infused an additional capital of Rs 124.50 crore into the capital base of the company.
This had been done to meet the company's plans on capital expenditure to support the expansion of infrastructure and conform to solvency margin requirements as stipulated by the IRDA, a company release said here today.
During the year 2007-08, an additional capital of over Rs 550 crore was infused in various tranches by the company, bringing the capital base to Rs 1224.50 crore as on date.
The additional infusion was in the ratio of 74:26, between the Aditya Birla Group and Sun Life Financial Inc, respectively, the release added.
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