Exide life Insurance Advisor
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Private life insurer Exide Life Insurance commenced operations in 2001-02 and is head quartered in Bengaluru. During the financial year 2015-16, the company achieved total Premium Income of over Rs 2,000 crore.
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Exide Life shortlisted for IDBI Federal stake sale...
Exide Life Insurance have been shortlisted to buy a significant stake in IDBI Federal Life Insurance in a deal that is likely to value the company at more than Rs 6,000 crore, a person close to the matter said.
A sale at this valuation would fetch nearly Rs 3,000 crore to the stressed state-run lender, which is trying to raise funds by selling non-core assets. IDBI Bank owns 48% stake in the company and plans to sell its entire holding. Federal Bank and Belgian insurer Ageas are the other shareholders in the insurer with 26% each.
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Jaipur
