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

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

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 in Aditya Birla Health Insurance

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

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

Abu Dhabi Investment Authority invests ₹665 crore in Aditya Birla Health Insurance

Abu Dhabi Investment Authority will own a 9.99% stake in the insurer, after the deal. The health insurance company plans to use this capital to drive its growth.

ADIA buys 9.99% stake in Aditya Birla Health Insurance for ₹665 cr

Aditya Birla Health Insurance plans to use this capital to drive growth in the health insurance market in India.