The transaction values the health insurer at approximately Rs 6,650 crore. The deal is subject to regulatory approvals. Upon the completion of the transaction, ADIA will own the 9. 99% stake, Aditya Birla Capital will have 45. 91%, and Momentum Metropolitan 44. 10%. Aditya Birla Health Insurance will use this capital for growth.
Aditya Birla Capital CEO Vishakha Mulye said, “In recent times, health has become a key concern for all. An investment from ADIA underscores Aditya Birla Health Insurance’s strong and unique business model and the franchise we have created. ”
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