News From Press Bank of India sells 18% stake in Star Union Dai-ichi Life for ₹540 cr

Bank of India sells 18% stake in Star Union Dai-ichi Life for ₹540 cr

Source: Hindu Business Line Jun 22, 2016

Bank of India (BOI) on Tuesday said it has sold 18 per cent stake in Star Union Dai-ichi Life Insurance Company to joint venture partner Dai-ichi Life Insurance Company (DILIC). Post the stake sale, BoI’s stake will get diluted to 30 per cent while that of Japanese life insurer Dai-ichi Life will go up to 44 per cent, according to the bank’s stock exchange filing.

Click here to read more.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

PMS or Mutual Funds? How returns compared

Aegon Life Insurance gets new identity, will now be called "Bandhan Life'

Mutual fund investment frozen for KYC? Know who can do re-KYC online and who has to do it offline

MFs drop exposure to banks, NBFCs in Q4; hike in auto and pharma

Over 20% Return in 6 Months! Are Gold Mutual Funds The Right Investment Option?

Mutual funds raised Rs 63,538 crore from 176 NFOs in FY24. Here’s the monthly break-up

India should see $3 trn capital flows in the next 10-15 years if it gets policies, politics right

Small-cap mutual funds' assets soar 83% to Rs 2.43 lakh crore in FY24 on retail investor boom

Mutual Fund folios nearly double in last five years, driven by retail investors

Mutual Funds: How to choose the right debt funds? Here are 7 key factors to consider

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS