MMI HOLDINGS LIMITED - MMI Holdings and Aditya Birla Nuvo Sign Joint Venture Agreements
MMI 201506040037A
MMI Holdings and Aditya Birla Nuvo Sign Joint Venture Agreements
MMI Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 2000/031756/06
JSE share code: MMI
NSX share code: MIM
ISIN: ZAE000149902
("MMI" or "the group")
MMI Holdings and Aditya Birla Nuvo sign Joint Venture agreements
MMI Holdings Ltd and Aditya Birla Nuvo Ltd (ABNL), part of the Aditya Birla Group, have
entered into definitive Joint Venture agreements to provide innovative health insurance and
wellness solutions in India.
This transaction, first announced in October 2014, remains subject to applicable regulatory
approvals.
MMI Holdings will hold 49% and ABNL will hold 51% in the Joint Venture Company to be
named Aditya Birla Health Insurance Co. Limited (ABHICL).
ABHICL is in the process of making an application to the Insurance Regulatory and
Development Authority of India for obtaining a licence to start health insurance and
wellness business operations.
The company expects to commence operations in the next 12-15 months.
End
Sponsor
Merrill Lynch South Africa (Pty) Ltd
4 June 2015
Centurion
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