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IDBI BANK LTD. - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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27 Jun 2020
In continuation of our earlier disclosures dated February 21, 2017 and April 08, 2020, it is hereby informed that the Board of Directors, at its meeting held on Friday, June 26, 2020, has approved to sell IDBI Bank&apos;s stake in IDBI Federal Life Insurance Company Limited (IFLI) to the extent of 23% to Ageas and 4% to Federal Bank at a combined value of about Rs.595 crore, subject to all regulatory approvals to be taken by all related parties and agreements which are yet to be finalised.&lt;BR&gt; &lt;BR&gt; You are requested to kindly take the above intimation on record in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.
View all announcements for IDBI BANK LTD. Source: BSE India

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