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Aditya Birla Capital exits insurance broking business; to sell its arm to Edme Services

by AIP Online Bureau | Mar 28, 2023 | Indian News, Intermediaries, Non-Life

The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited, Aditya Birla Capital...
Aditya Birla Capital mulls selling its insurance brokerage unit

Aditya Birla Capital mulls selling its insurance brokerage unit

by AIP Online Bureau | Dec 13, 2022 | Indian News, Intermediaries, Non-Life, Reinsurance

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business, the people said, asking not to be identified as the information is not public. Mumbai: Aditya Birla...

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