Aditya Birla Capital Exits Insurance Broking Business; Sells Arm to Edelweiss
Aditya Birla Capital, the financial services arm of Aditya Birla Group, has exited the insurance broking business. The company has sold its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edelweiss Insurance Brokers Limited (EIBL), a subsidiary of Edelweiss Financial Services. The deal is subject to regulatory approvals. ABIBL is a leading insurance…
