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IDBI Bank sells entire stake in Ageas Federal Life Insurance Company

22 Sep 2022 Evaluate

IDBI Bank has completed the sale transaction of its entire stake of 20 crore equity shares in Ageas Federal Life Insurance Company (AFLI). Pursuant to this sale, IDBI Bank's shareholding in AFLI now stands at 'NIL'. Earlier, the bank had entered into a Share Purchase Agreement (SP A) to sell its entire stake in AFLI.

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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