Thursday, 8 October 2026
Venture Intelligence News

M&A M&A

IDBI Bank to sell balance 25% stake in life insurance JV to Ageas

1 min read

Source Business Standard (opens in a new tab)

Private sector lender IDBI Bank will offload its remaining 25% stake in Ageas Federal Life Insurance Company (AFLI) to joint venture partner Ageas Insurance International NV. In December 2020, IDBI Bank had sold a 23% stake in the JV to Ageas for INR 507 crore. This had raised Ageas stake in the JV to 49%.