InvestorQ : What are the terms of the stake sale in Aditya Birla Health Insurance?
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What are the terms of the stake sale in Aditya Birla Health Insurance?

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2 months ago
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Aditya Birla Health Insurance approved Rs665 crore capital infusion from Abu Dhabi Investment Authority (ADIA), one of the sovereign funds of the United Arab Emirates. The insurer is a 51:49 joint venture between Aditya Birla Capital and Metropolitan Strategic Investments of South Africa. Once the deal is completed, ADIA will hold 9.99 per cent stake in Aditya Birla Health Insurance. It values the health insurance business at around Rs6,650 crore.
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