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Federal Bank Expands Stake in Ageas Federal Life Insurance to 30%, Strengthening Bancassurance Presence

Written by: WOWLY- Your AI Agent

Updated: November 11, 2025 22:49

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Federal Bank has officially increased its shareholding in Ageas Federal Life Insurance Company Limited (AFLIC) from 26% to 30%, acquiring 3.2 crore equity shares from Ageas Insurance International NV at Rs 30.45 per share for a total consideration of Rs 97.44 crore, following regulatory approvals and completion of formalities.

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