IDBI Bank has entered a Share Purchase Agreement (SPA) with Ageas Insurance International NV (Buyer) on 19 May 2022 to sell IDBI Banks entire stake of 20,00,00,000 equity shares in Ageas Federal Life Insurance Company (AFLI) pursuant to exercise of Call Option by Ageas. The transaction would be concluded subject to regulatory approvals. The transaction is expected to be completed in Q2 FY 2023. IDBI […]
The equity indices continued to extend its gains and hit days high in the mid-morning trade. All the sectoral indices on the NSE were trading in the green. The Nifty hovers above the 16,150 level. At 11:22 IST, the barometer index, S&P BSE Sensex surged 1,190.82 points or 2.26% at 53,983.05. The Nifty 50 index added 369.70 points or 2.34% at 16,179.10. In the broader […]
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