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IDBI Bank to divest 27% stake in life insurance arm to existing JV partners

Updated : June 29, 2020 10:12 AM IST

Out of the total 27 percent stake which the bank intends to divest, 23 percent stake would be sold to the existing JV partner Aegis Insurance.
Aegis Insurance currently hold 26 percent stake in IDBI Federal Life Insurance.

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