Aditya Birla Capital completes sale of entire stake in Aditya Birla Insurance Brokers
The Board of Directors of the Company, earlier in March 2023, had approved the sale of its entire stake in ABIBL. This was followed by the execution of a Share Purchase Agreement (SPA) between the Company, ABIBL, Infocyber India (which is the other shareholder of ABIBL holding 49.998% and which was subsequently amalgamated into Birla
Group Holdings) and Edme Services, subject to regulatory approval,
which was received in July 2024.