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IDBI Bank offloads 27 pc stake in IFLI for Rs 595 cr
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): IDBI Bank said on Thursday it has signed a share purchase agreement with Federal Bank and its Dutch partner Ageas Insurance International NV to offload 27 per cent stake in IDBI Federal Life Insurance (IFLI) at a combined value of Rs 595 crore.
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IDBI Bank to fetch Rs 595 crore by divesting 27 pc stake in IFLI
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 27 (ANI): The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance (IFLI) at a combined value of Rs 595 crore, the public sector lender said on Saturday.
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