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US PE giant Blackstone buys majority stake in Ace Insurance Brokers

US PE giant Blackstone buys majority stake in Ace Insurance Brokers

by AIP Online Bureau | Sep 10, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life

Ace Insurance Broker known for arranging major covers for Adani Group Market sources say Blackstone has acquired 70 per cent of Ace , set up by Raj Vinay Ajmera and Anil Arora, for over Rs 1700 crores Though, Blackstone has majority stakes with a five year lock in...

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