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Bank of Baroda will acquire Union Bank of India's how much per cent stake in IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Union Bank of India, and Carmel Point Investments?

Bank of Baroda will acquire Union Bank of India's how much per cent stake in IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Union Bank of India, and Carmel Point Investments? Correct Answer 21

The correct answer is 21%.

Key Points

  • Bank of Baroda will acquire Union Bank of India's 21% stake in IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Union Bank of India, and Carmel Point Investments.
  • On conclusion of this stake sale process, the revised shareholding in IndiaFirst Life Insurance Company will be Bank of Baroda-65%, Carmel Point Investments India-26%, and Union Bank of India- 9%.

Additional Information

  • Bank of Baroda:
    • Headquarters - Alkapuri, Vadodara.
    • Founder - Sayajirao Gaekwad III.
    • Founded On - 20 July 1908, Vadodara.

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