Friday, 24 March, 2023

Kumar Mangalam Birla set to partner up with ADIA Boss, to invest in Zand

<p>Kumar Mangalam Birla is planning to enter into a partnership with Abu Dhabi Investment Agency Managing Director Hamed bin Zayed Al Nahyan. Birla will invest in UAE&#39;s first digital-only independent bank, Zand. The initial investment will be around $50-$100M but may go up as the business scales. Birla, with a net worth of $16.4B, will be the first Indian to invest in UAE&#39;s Banking system. Birla, Zand, and ADIA representatives remained unavailable for comment.<br /> &nbsp;</p>