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Belgium's Ageas first to pick up majority stake in Indian life insurance joint venture; pays Rs 580 crore to IDBI Bank

Belgium's Ageas first to pick up majority stake in Indian life insurance joint venture; pays Rs 580 crore to IDBI Bank

Thu, Sep 22, 2022

Belgium-based Ageas Insurance International has completed the acquisition of a majority stake in its Indian joint venture Ageas Federal Life Insurance (AFLIC), picking up 25 per cent stake of IDBI Bank for Rs 580 crore

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