PE Fund Investments
Samara Capital to buyout Aditya Birla Insurance Brokers for Rs.455-Cr
Private Equity firm Samara Capital is to acquire 100% stake in Aditya Birla Insurance Brokers Ltd (ABIBL) at an enterprise value of INR 455 crore (on a cash-free and debt-free basis). The ABIBL stake will be acquired by Edme Services Pvt Ltd, an unit of Samara Capital, from two Aditya Birla Group companies - publicly listed Aditya Birla Capital (which owns 25,65,103 equity shares, representing 50.002% of the share capital of ABIBL) and Infocyber India (which holds the remaining 49.998% stake). The Aditya Birla Group companies are entitled to an additional consideration after completion of 5 years conditional upon the fulfilment of certain conditions. In FY22, ABIBL had reported INR 684.52 crore in revenues and a net worth INR 64.85 crore.
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