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Aditya Birla Capital to sell insurance broking unit for ₹455 cr
short by Bhawana Chaudhary / on Tuesday, 28 March, 2023
Aditya Birla Capital has decided to exit the insurance broking business by selling its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services, a part of the Samara Capital Group. The entire stake sale will be executed at an enterprise value of ₹455 crore. Infocyber India, the other shareholder of ABIBL, will sell 49.998% of the company.
read more at Moneycontrol