Private Equity 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.
Company website ↗ (opens in a new tab)
For FY24, Ageas Federal Life Insurance Company reported about INR 122 Cr in Operating Income and about INR 106 Cr in PAT.