Aditya Birla Capital says ADIA to invest Rs 665 crore in health insurance JV
"Aditya Birla Health Insurance has a strong management team, a wellness-first product offering and a differentiated distribution model. We look forward to partnering with Aditya Birla Capital and Momentum Metropolitan Holdings to support the next phase of ABHIs growth.”
ADIA to invest ₹655 cr in Aditya Birla Health Insurance for 10% stake
Upon the completion of the transaction, ADIA will own a 9.99% stake, Aditya Birla Capital will hold 45.91% stake and Momentum Metropolitan Holdings will have a 44.10% stake in Aditya Birla Health Insurance
Abu Dhabi Investment Authority to invest Rs 665 cr in Aditya Birla Health Insurance
Once the transaction is complete, ADIA will own a 9.99 per cent stake, Aditya Birla Capital Limited 45.91 per cent, and Momentum Metropolitan Holdings 44.10 per cent stake in Aditya Birla Health Insurance.
ADIA To Invest Rs 665 Crore In Aditya Birla Health Insurance For A 10% Stake
The Abu Dhabi Investment Authority will invest Rs 665 crore in Aditya Birla Health Insurance Co.After the transaction is completed, ADAI, according to an exchange filing, will own a 9.99% stake in the insurer—a 51:49 joint venture between Aditya Birla Capital Ltd. and Momentum Metropolitan Strategic Investments.Aditya Birla Capital will hold a 45.91% stake and Momentum 44.1% in the insurer.The transaction values Aditya Birla Health Insurance at …