Get unlimited access to our best features
Subscribe now

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.
2 months ago

News Articles

More Filters
All
Left
Center
Right
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 months ago·Mumbai, India
Read Full Article
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 months ago·India
Read Full Article
Money Control.comMoney Control.com

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 months ago
Read Full Article
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 months ago·New Delhi, India
Read Full Article

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 months ago
Read Full Article

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 months ago
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

67% of the sources lean Right
Live Mint
Times of India
Business Standard
C 33%
R 67%
See less detail