IDBI Bank completes sale of entire stake of Ageas Federal Life Insurance Company Ltd

IDBI Bank has completed the sale transaction of its entire stake of 20,00,00,000 equity shares in Ageas Federal Life Insurance Company Limited (AFLI) pursuant to receipt of the requisite regulatory approvals. Pursuant to this sale, IDBI Bank's shareholding in AFLI now stands at NIL.

IDBI Bank Limited had on May 20, 2022 announced entering into a Share Purchase Agreement (SP A) to sell its entire stake of 20,00,00,000 equity shares in AFLI to Ageas Insurance International NV (Ageas).

Source : Equity Bulls

Keywords

IDBIBank StakeSale AgeasFederalLifeInsuranceCompany AgeasInsuranceInternational