The Abu Dhabi Investment Authority (ADIA) has made an investment of ₹665 crores in Aditya Birla Health Insurance Co. Limited for a minority stake of 9.99% in the company..Khaitan & Co advised ADIA on the deal..The transaction team was jointly led by Niren Patel (Partner) and Saswat Subasit (Partner) along with Agranee Kapoor (Senior Associate) and Ekta Janghu (Associate), with further assistance on legal due diligence aspects from Ayesha Bhattacharya and Zico Bahl (Associates) and on competition law aspects from Pranjal Prateek (Partner), Ebaad Khan (Senior Associate) and Siddharth Bagul (Associate)..Cyril Amarchand Mangaldas acted on behalf of Aditya Birla Health Insurance, with a team led by Indranath Bishnu (Partner)..This is ADIA's first investment in the insurance sector in India and this investment aims to help drive ABHI's growth in the health insurance market in India..If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.
