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Published 2 years ago

ADIA to invest ₹655 cr in Aditya Birla Health Insurance for 10% stake

Summary by Ground News
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the UAE, will invest �665 crore in Aditya Birla Health Insurance for a 9.99% stake. The insurer plans to use this capital to drive its growth in the health insurance market in India.

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Times of IndiaTimes of India

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.”

2 years ago·India
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Live MintLive Mint

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

2 years ago·New Delhi, India
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Business StandardBusiness Standard

ADIA to invest in Aditya Birla Health Insurance

The transaction values Aditya Birla Health Insurance Co. at approximately Rs 6,650 crore.

2 years ago·India
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MoneycontrolMoneycontrol

Abu Dhabi Investment Authority to invest Rs 665 crore in Aditya Birla Health Insurance

Aditya Birla Health Insurance is a 51:49 joint venture between Aditya Birla Capital Limited and Momentum Metropolitan Strategic Investments

2 years ago·India
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BQBQ

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 …

2 years ago
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Business TodayBusiness Today

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.

2 years ago·India
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