[ad_1]
The transaction value ABHI is approximately Rs. 66.5 million.
Completion is subject to statutory and regulatory approvals, including from the Insurance Regulatory and Development Authority of India (IRDAI).
Upon completion of the transaction, ADIA will hold a 9.99% stake in ABHI, ABCL will hold a 45.91% stake in ABHI, and MMH will each hold a 44.10% stake in ABHI.
ABHI plans to use the funds to drive its growth in the Indian health insurance market. With its differentiated health-first model, ABHI is the fastest growing health insurer in India’s health insurance space.
powered by Capital Markets – Real Time News
(This story has not been edited by Business Standard staff and was automatically generated from a syndicated feed.)
Dear Reader,
Business Standard always strives to provide up-to-date information and commentary on developments that interest you and have wider political and economic impact on the country and the world. Your encouragement and constant feedback on how to improve our products only strengthens our resolve and commitment to these ideals. Even in these difficult times caused by Covid-19, we remain committed to keeping you informed and updated with reliable news, authoritative views and insightful commentary on relevant hot issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model is inspired by the many people who subscribe to our online content. Subscribing more to our online content can only help us achieve our goal of providing you with better, more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions helps us deliver on the journalism we promise.
Support quality news and Subscribe to Business Standards.
digital editor
[ad_2]
Source link
