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IDBI Bank gets nod to sell entire stake in Ageas Federal Life Insurance Company

30 Mar 2022 Evaluate

IDBI Bank has received approval to sell entire stake of 20,00,00,000 equity shares in Ageas Federal Life Insurance Company (AFLI) to Ageas Insurance International NV (Ageas) pursuant to exercise of Call Option by Ageas. The board of directors of the bank at its meeting held on March 29, 2022, has approved the same.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.

Peers
Company Name CMP
HDFC Bank 740.00
ICICI Bank 1343.50
Axis Bank 1250.00
Kotak Mahindra Bank 415.00
Indusind Bank 958.00
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