FilingReader Intelligence
Federal bank increases stake in Ageas Federal Life Insurance
March 28, 2025 at 07:02 PM UTC•By FilingReader AI
** Federal Bank (BSE: FEDERALBNK) has announced it will increase its stake in Ageas Federal Life Insurance Company Limited (AFLIC) by acquiring an additional 4% equity stake from Ageas Insurance International NV ("Ageas"). The bank executed a binding Memorandum of Understanding (MoU) with Ageas on March 28, 2025, formalizing the agreement. This follows prior related disclosures on March 25th and 26th.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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BSE:FEDERALBNK•Bombay Stock Exchange
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