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Aditya Birla Capital invests Rs.124-Cr in health insurance arm

BSE announcements   Business Line  

Aditya Birla Capital has invested INR 123.89 crore in its health insurance arm, Aditya Birla Health Insurance, through a rights issue.The investment is intended to support Aditya Birla Health Insurance in meeting its regulatory solvency margin requirements, mandated to cover policyholder liabilities. Aditya Birla Capital maintains a 45.89% stake in the firm. The entity continues to be classified as an associate rather than a subsidiary.

In May 2022, Aditya Birla Health Insurance had attracted about $117 M from ADIA and others.For FY25, Aditya Birla Health Insurance had reported about INR 163 Cr in Operating Income and about INR 5 Cr in PAT.