Aditya Birla Capital Limited (ABCL) has made an investment of ₹22,94,35,335 in Aditya Birla Health Insurance Co. Limited (ABHI) on a rights basis. This move ensures that ABCL’s shareholding in ABHI remains unchanged at 45.89%, with ABHI continuing to be an associate company of ABCL.
Key Highlights of the Transaction:
- Purpose: The investment was made to help ABHI meet its solvency margin requirements, ensuring the company’s financial stability.
- Transaction Details: The investment was completed on December 24, 2024, for an aggregate cash consideration.
- Related Party Transaction: Being an associate company, the transaction qualifies as a related-party transaction but was executed at an arm’s length basis.
- Industry: ABHI operates in the health insurance sector.
- No Regulatory Approvals Required: The transaction did not require any governmental or regulatory approvals.
About ABHI:
Aditya Birla Health Insurance Co. Limited is an associate entity of ABCL engaged in the health insurance industry, offering a range of health-related financial products and services. The company has consistently worked to strengthen its market presence and meet regulatory requirements.
This investment underscores ABCL’s commitment to maintaining a robust health insurance business while aligning with regulatory solvency norms.
TOPICS:
Aditya Birla Capital