ADITYA BIRLA INSURANCE BROKERS LIMITED
Location
Maharashtra
Founded
2001-12-26
Risk Signals
18 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Insurance Agents, Brokers, and Service, Computer Related Services, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about ADITYA BIRLA INSURANCE BROKERS LIMITED
Live alerts from global media, monitored by Business Radar
2024-09-22 (asiainsurancepost.com)
IRDAI approves take over of Aditya Birla Insurance Brokers by Edme
Rs 455 crore deal had got stuck for over 18 months as the IRDA had refused give its approvals in the absence of certain key information about the transaction Mumbai: Allowing the entry of private equities( PEs) in the insurance broking sector, after almost 18 months since it was initiated, IRDAI has
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2024-08-30 (ndtvprofit.com)
Aditya Birla Capital Completes Sale Of Subsidiary At Rs 252 Crore
Aditya Birla Capital Ltd. announced on Friday the completion of stake sale of Aditya Birla Insurance Brokers Ltd. to Edme Services Pvt. Post this transaction, ABIBL ceases to be a subsidiary of the company with effect from Aug. 30.
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2023-11-30 (thearabianpost.com)
IRDAI Ups Scrutiny Of Broking Deals, Approvals Take Longer | Arabian Post
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector.
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2023-05-18 (financialexpress.com)
Aditya Birla Capital to keep focus on arms
Firm will continue to evaluate various stake sale options for its subsidiaries, says Mulye
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2023-03-27 (business-standard.com)
Aditya Birla Capital to sell insurance broking business to Edme Services
Financial Services firm Aditya Birla Capital on Monday said it has decided to sell its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount.
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2022-12-19 (economictimes.com)
Samara Capital planning to buy Aditya Birla Capital's insurance broking arm: Report
The deal is estimated to be worth between Rs 800 crore and Rs 1,000 crore, as per the report. If the deal goes through, it could become one of the biggest deals in the sector.
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2022-12-19 (indiatimes.com)
Samara Capital planning to buy Aditya Birla Capital's insurance broking arm: Report
The deal is estimated to be worth between Rs 800 crore and Rs 1,000 crore, as per the report. If the deal goes through, it could become one of the biggest deals in the sector.
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(business-standard.com)
Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers
The Board of Directors of the Company, earlier in March 2023, had approved the sale of its entire stake in ABIBL. This was followed by the execution of a Share Purchase Agreement (SPA) between the Company, ABIBL, Infocyber India (which is the other shareholder of ABIBL holding 49.998% and which was subsequently amalgamated into Birla Group Holdings) and Edme Services, subject to regulatory approval, which was received in July 2024.
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(businessworld.in)
Aditya Birla Capital To Divest Its Complete Stake In ABIBL
The sale of Aditya Birla Insurance Brokers is part of parent company Aditya Birla Capital's strategy to reorganise its financial services activities and exit businesses with limited growth potential, , aditya birla group
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(business-standard.com)
Aditya Birla Capital
Get Aditya Birla Capital latest news, breaking news, videos, photos, special reports, trends, top news, opinions on Aditya Birla Capital at Business Standard
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(ceoinsightsindia.com)
Samara Capital in Arrangement to Buy Aditya Birla Capital's Insurance Broking Arm
Amazon India's private equity partner, Samara Capital is planning to buy the insurance broking arm of Aditya Birla Capital Ltd.
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(businessinsurance.com)
Private equity firm in talks to buy Indian insurance broker - Business Insurance
India-based private equity firm Samara Capital Ltd. has entered into talks to acquire India's Aditya Birla Insurance Brokers Ltd., a deal valued between 8 billion Indian rupees ($97 million) and INR10 billion if the negotiations are successful, Verdict reports citing Livemint.
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