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
2024-08-30 (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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2023-03-28 (financialexpress.com)
Aditya Birla Capital sells insurance broking arm to Samara Capital for Rs 455 cr
The company and Infocyber (the other shareholder) may receive an additional consideration after completion of five years from the closing which is conditional upon the fulfilment of certain conditions under the SPA.
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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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(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
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