FilingReader Intelligence
Federal Bank secures RBI nod for Ageas stake acquisition
March 28, 2025 at 01:43 AM UTC•By FilingReader AI
Federal Bank [BSE: FEDERALBNK] announced it has secured approval from the Reserve Bank of India (RBI) to proceed with the acquisition of an additional 4% stake in Ageas Federal Life Insurance Company Limited (AFLIC). This acquisition, detailed in a filing dated March 26, 2025, will cost the bank up to Rs. 105 crore. The decision was made on March 25, 2025. The information is also available on the bank's website.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:FEDERALBNK•Bombay Stock Exchange
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