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ADIA eyeing minority stake in Aditya Birla's health insurance arm: Report

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks

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BS Web Team New Delhi
Abu Dhabi Investment Authority (ADIA) is in talks with Aditya Birla Group for an investment of nearly Rs 1,200-1,500 crore in its health insurance arm as growth equity, the Economic Times reported on Monday.
 
The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd (ABHICL) are ongoing and expected to gain pace in the coming weeks, people aware of the matter told ET.
 
The final amount and quantum of stake are not finalised yet, the report said.
 
ABHICL is a 51:49 per cent joint venture between Aditya Birla Group and South Africa-based

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