Hyderabad: The promoters of Birla Sun Life Insurance have invested an additional capital of Rs 124.50 crore into the capital base to meet the capital expenditure plans, expansion of infrastructure and to conform to the solvency margin necessities as stipulated by the IRDA. With this, the total capital base of the firm will rise to Rs 1,224.50 crore. During 2007-08, the company had invested an additional capital of over Rs 550 crore in various tranches. The additional infusion is as per the IRDA norms and is in the ratio of 74:26 between the Aditya Birla Group and Sun Life Financial Inc respectively.
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