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IDBI Bank has sold 23 per cent stake in IDBI Federal Life Insurance Company Ltd (IFLI) to Ageas Insurance International NV for how many rupees (in crores)?

IDBI Bank has sold 23 per cent stake in IDBI Federal Life Insurance Company Ltd (IFLI) to Ageas Insurance International NV for how many rupees (in crores)? Correct Answer 507.10

The correct answer is ₹507.10 crores.

  • IDBI Bank has sold 23 per cent stake in IDBI Federal Life Insurance Company Ltd (IFLI) to Ageas Insurance International NV for ₹507.10 crores.
  • Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Ltd.
  • IFLI is a three-way joint venture of IDBI Bank, Belgium’s Ageas and Federal Bank.

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