Thursday, 5 March, 2026
Kumar Mangalam Birla set to partner up with ADIA Boss, to invest in Zand
By Basit Ansari
<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'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's Banking system. Birla, Zand, and ADIA representatives remained unavailable for comment.<br />
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