Scheme of Amalgamation Announced by Aditya Birla Capital and Aditya Birla Finance for the Creation of a Large NBFC In the ever-evolving landscape of the financial sector, Aditya Birla Capital and Aditya Birla Finance have recently unveiled a groundbreaking scheme of amalgamation. This strategic move aims to foster the development of a robust Non-Banking Financial…
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…
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