Kumar Mangalam Birla looking to foray into asset reconstruction; eyes insurance consolidation

Kumar Mangalam Birla, one of India’s leading industrialists, on Friday said that his Aditya Birla Group is looking to foray into asset reconstruction space, while the company is also open to opportunities arising from impending consolidation in insurance sector. “Health has been an area where we have invested in the last one year. We are also looking to make a foray into the asset reconstruction business,” Kumar Mangalam Birla said on the sidelines of an event marking the stock exchange listing of one of his group companies — Aditya Birla Capital.

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