iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

50.002% stake in Aditya Birla Insurance Brokers to be sold to Samara Capital for Rs 455 crore

28 Mar 2023 , 02:35 PM

Aditya Birla Group said on Monday that it has decided to sell Aditya Birla Insurance Brokers Ltd. (ABIBL) to private equity company Samara Capital for a price of Rs 455 crore.

ABIBL specializes in offering businesses and individuals integrated insurance brokerage and consultancy services. It also offers reinsurance solutions to insurance firms.

The group claimed in a stock exchange filing that Aditya Birla Capital’s board has approved the sale of all 25,65,103 equity shares, or 50.002% of the company’s share capital, to Edme Services Pvt Ltd, a member of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund, on Monday. After market hours, the announcement was made.

Infocyber India, a member of the Aditya Birla group, is the owner of the remaining shares in ABIBL.

According to the exchange filing, the deal gave ABIBL an enterprise value of Rs 455 crore on a cash-free and debt-free basis, subject to closing adjustments based on the conditions of the share purchase agreement (SPA).

According to the filing, ‘Moreover, under the SPA, the company and Infocyber may receive an extra consideration after completion of 5 (five) years from the close, which is conditional upon the fulfillment of specific SPA requirements.’ The purchaser is not required to purchase 100% of ABIBL’s issued and paid-up share capital in order for the firm to receive 50.002% of any price (including additional consideration) paid instead. This is stated in the Share Purchase Agreement (SPA).

The deal is anticipated to be finished within 120-180 days, subject to receiving the approval of the Insurance Regulatory and Development Authority of India (IRDAI) and other regulatory and statutory approvals.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Aditya Birla Insurance Brokers
  • Samara Capital
  • stake sale
sidebar mobile


Read More

Most Read News

Indices end lower
21 Jun 2024|03:40 PM
Market Update: Nifty and Sensex Dip
21 Jun 2024|01:47 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.