Other Private Equity/Strategic Investments
Federal Bank to up stake in JV Ageas Federal Life Insurance from 26% to 30%
Federal Bank is to increase its stake in Ageas Federal Life Insurance from existing 26% to 30%.Founded in 2007, Ageas Federal is a joint-venture between Ageas, a multinational insurance firm headquartered in Brussels and Federal Bank.
For FY24, Ageas Federal Life Insurance Company reported about INR 122 Cr in Operating Income and about INR 106 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
