Federal Bank extends deadline for additional 4% AFLIC stake purchase
FEDERALBNK · price
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Federal Bank and Ageas extended the deadline for the Bank to buy an additional 4% stake in Ageas Federal Life Insurance Company from Ageas to November 15, 2025, from October 31, 2025. The delay is due to pending completion paperwork. All regulatory approvals have been received, and the purchase is expected to close by the new date.
The purchase would raise Federal Bank's stake by 4 percentage points and remains on track despite the delay. No price or financial impact was disclosed.