Ageas Life set to seek composite licence once govt issues final rulesAgeas Federal Life Insurance is preparing to seek a composite insurance licence. This move will allow the company to offer health insurance...
Federal Bank signs pact to acquire additional 4 pc stake in Ageas Federal Life InsuranceFederal Bank is set to increase its stake in Ageas Federal Life Insurance Co Ltd to 30% by acquiring an additional 4% stake from Ageas Insu...
Federal Bank to boost stake in Ageas Federal Life Insurance to 30% with new dealFederal Bank will increase its stake in Ageas Federal Life Insurance Company Limited from 26% to 30% following a Board-approved Memorandum ...
Federal Bank shares in focus on Rs 97.44 cr acquisition to acquire 4% stake in Ageas Federal LifeFederal Bank shares: The investment involves purchasing 3.2 crore equity shares at Rs 30.45 each from Ageas Insurance International NV, the...
IDBI Bank to exit insurance JV by selling entire stake to Ageas for Rs 580 croreIDBI Bank said that the transaction is expected to be completed in the second quarter of the current fiscal year 2022-23, subject to regula...
Ageas Federal Life Insurance expects 35-40pc premium growth in FY22"I think FY21 has been far better-than-expected. When the lockdown was announced last year, we didn't know exactly how long it would last, ...
Ageas Federal Life FY21 net profit falls 20% to Rs 119 crTotal premium garnered by the insurer, however, moved up by 6 per cent to Rs 1,959 crore in 2020-21, against Rs 1,843 crore in the precedin...
IDBI Federal Life Insurance rebranded as Ageas Federal Life InsuranceIDBI Bank has completed the sale of its 23% stake to Ageas on the last date of 2020 for Rs 507 crore. The bank's shareholding in the insura...
IDBI Bank close to selling 23% in insurance JV to Belgium’s AgeasIDBI Bank is also looking to sell another 4% in the JV to local partner Federal Bank while it is yet to receive banking regulator’s clearan...
IDBI Bank to divest 27% stake in IDBI Federal Life InsuranceIDBI Bank has 48 per cent stake in IFLI which started operations in 2008.
Ageas to acquire 40% stake in Royal SundaramCurrently Sundaram Finance Ltd holds 75.90% in Royal Sundaram and proposes to divest 25.90%, thereby retaining 50% of its holding, post the...
Ageas keen to raise stake to 49% in IDBI Federal Life"Shareholders are talking about that. Talks are on as Ageas wants to increase its stake to 49 per cent," IDBI Federal Life Insurance CEO Vi...
ET impact: IDBI Bank rises intraday on JV deal reportThe stake sale is expected to help the public sector lender boost capital and allow foreign partner Ageas to increase its stake.
Europe's Ageas may hike stake in IDBI Federal Life to 49%The domestic partners -- IDBI Bank and Federal Bank-- are exploring the option of diluting their stake in the life insurance venture.
- ABN Amro, Ageas in 2 bn euro dispute
ABN Amro said on Wednesday it intends to convert 2 billion euro in bonds issued by the former Belgian bank and insurance company Fortis int...
- IDBI gives in to Federal plea to add it in 3-way life JV name
IDBI Federal is a three-way joint venture with IDBI Bank holding 48% stake, Federal Bank 26% and Belgian insurer Ageas holding the remainin...
- Ageas to buy UK's Kwik-Fit Insurance Services
Belgian-based insurance group Ageas, formerly known as Fortis, is to buy Britain's Kwik-Fit Insurance Services for 215 million pounds ($325...