PE Fund Investments
Aditya Birla Health Insurance sells 10% to ADIA to raise Rs.665-Cr
Abu Dhabi Investment Authority (ADIA) is to invest INR 665 crore in Aditya Birla Health Insurance (ABHI), in return for a 9.99% stake. Prior to the latest investment, ABHI was a 51:49 joint venture between Aditya Birla Group and South Africa's Momentum Metropolitan Holdings Ltd (MMH). Post transaction, Aditya Birla Capital Ltd (ABCL), the Aditya Birla group's publicly-listed holding company for financial services, will hold a 45.91% and MMH, 44.10%, respectively, in ABHI which is headed by Mayank Bathwal as CEO.
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