IDBI Bank to divest stake in Ageas Federal Life Insurance Company Ltd

The Board of Directors of the Bank at its meeting held on Tuesday, March 29, 2022, has approved to sell IDBI Bank's entire stake of 20,00,00,000 equity shares in Ageas Federal Life Insurance Company Limited (AFLI) to Ageas Insurance International NV (Ageas) pursuant to exercise of Call Option by Ageas.

Shares of IDBI Bank Limited was last trading in BSE at Rs. 42.85 as compared to the previous close of Rs. 44.20. The total number of shares traded during the day was 637967 in over 1946 trades.

The stock hit an intraday high of Rs. 44.65 and intraday low of 41.90. The net turnover during the day was Rs. 27733367.00.

Source : Equity Bulls

Keywords

IDBIBank INE008A01015 StakeSale AgeasFederalLifeInsurance CallOption