Aditya Birla Capital Ltd (ABCL), the holding company for the financial services businesses of the Aditya Birla group, is considering selling its insurance brokerage unit.

The potential sale comes as ABCL vets restructuring of its financial services business under CEO Vishakha Mulye, a Bloomberg report said on Tuesday.

The report added that ABCL is also considering the sale as the 19-year-old business has failed to scale up. While the company could close the transaction by March 31, no final decision has been reached as regards the valuation and the sale could even be put off, the report added.

The business offers both life and non-life policies, but it reported revenues of only Rs 600 crore in the 2020-21. Shares of ABCL closed flat at Rs 156.30 on the BSE on Tuesday.

ABCL had reported a 30 per cent growth in consolidated net profits at Rs 488 crore in second quarter ended September 30 against Rs 377 crore a year ago.