ADIA eyes stake in Aditya Birla Health Insurance

Abu Dhabi Investment Authority (ADIA) is in talks with Aditya Birla Group to invest around Rs 1,200-1,500 crore in the Aditya Birla health insurance arm as growth equity, people in the know said.

Aditya Birla Health Insurance Co Ltd (ABHICL) is one of five active standalone health insurance companies with a 14% market share of the gross underwritten premium in the first three months of the current fiscal year, according to data from the IRDAI.