LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore. Currently Mahadev Nagendra Rao is not associated with any other company. Gayatri Projects share rises 4% after firm wins bid for road project in UP. Declaration of Solvency Idbi Federal Life Insurance Company Limited is a Public incorporated on 22 January 2007. Sensex begins 2021 with record high, Nifty ends above 14K for first time. *Industry classification is derived from National Industrial Classification. IDBI Federal Life Insurance Company is a joint venture between IDBI Bank Limited (48%), Federal Bank (26%) and Aeges (26%). Federal Bank entered into an agreement to purchase up to 4% stake in IDBI Federal Life Insurance Co., from IDBI Bank at a price not exceeding Rs 27.56 per equity share. About IDBI Federal We are a Life Insurance company but we don't operate like one. Later, the stock closed 3.86% higher at Rs 32.30. IDBI Bank has completed the sale of its 23% stake to Ageas on the last date of 2020 for Rs 507 crore. All e-mails from the system will be sent to this address. Change of Address Currently Vighnesh Ashok Shahane is not associated with any other company. IDBI Bank has completed stake sale of 23% of joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. Federal Bank is a Corporate Agent of IDBI Federal Life insurance Company Limited having its registration number (Regn. idbi federal life insurance summer internship report ... p a g e list of charts chart no. Its authorized share capital is Rs. IDBI Federal Life Insurance 1. 8,000,000,000. The company was earlier called IDBI Fortis Life Insurance Company. The corporate agent does not underwrite the risk or act as an insurer. 8,000,000,000. Satisfaction of loans This will help Ageas raise its stake in the insurance joint venture to 49% from 26%. The Board of Director of the IDBI Bank had taken the decision at the meeting on Friday. Terms & Conditions contain important information about courts and cases covered, limitations of data and other important information. No.103, Federal Towers, Aluva, Ernakulam, Kerala -683101. Total 18.69 lakh shares changed hands on BSE today. IDBI Bank is likely to sell 23 per cent stakes in IDBI Federal Life Insurance Co to Belgian multinational insurer Ageas Insurance International. IDBI Bank share stands higher than 5 day moving averages but lower than 20 day, 50 day, 100 day and 200 day moving averages. Its authorized share capital is Rs. or increase in share capital or increase in number of members Following the communication by IDBI Bank on 27 June 2020, Ageas confirms its interest to acquire a part of IDBI Bank’s current 48% stake in IDBI Federal Life Insurance Company Ltd. (IFLIC) to the extent of 23% in order to remain within the boundaries of Indian regulation on foreign direct investments. Browse Companies by Activity, Age and Location, INVESCO ASSET MANAGEMENT (INDIA) PRIVATE LIMITED, DIRECT MEDIA DISTRIBUTION VENTURES PRIVATE LIMITED, View all 5,939 companies with similar address, 705, 7th Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East), Mumbai Mumbai City MH 400013 IN, 2101-A, A Wing, 21st Floor, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai Mumbai City MH 400013 IN, 18th Floor, A-Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel Mumbai Mumbai City MH 400013 IN, 18TH FLOOR, A WING, MARATHON FUTUREX, N.M. JOSHI MARG, LOWER PAREL MUMBAI Mumbai City MH 400013 IN. About IDBI Federal Life Insurance Company. IDBI Bank share rose 4% in trade today after the lender completed stake sale of 23% in joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. Notice of the court or the company law board order Unlock complete report with historical financials and view all 882 documents for ₹499 only, Email ID: corporate.relations@idbifederal.com, 22nd Floor, A Wing, Marathon Futurex N.M. Joshi Marg, Lower Parel - East Mumbai Mumbai City MH 400013 IN. IDBI Bank share rose 4% in trade today after the lender completed stake sale of 23% in joint venture IDBI Federal Life Insurance Company to Ageas Insurance International NV. The deal is expected to be inked as early as today, sources told CNBC-TV18. This application is developed to service needs of our esteemed customers. title page no. IDBI Bank said, "Following this transaction, the joint venture has been rebranded as Ageas Federal Life Insurance Company Limited." One can buy the new policy from IDBI Federal Life Insurance's website. • Using this application our customers can get their policy related information on their fingertips. Registered Address: IDBI Federal Life Insurance Co Ltd, 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. ‎• Official Mobile Application from “IDBI Federal Life Insurance Company Limited”. We will update the website after verifying the website address. … This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Thank you. Allotment of equity (ESOP, Fund raising, etc) Return of deposits NOVARTIS COMPREHENSIVE LEPROSY CAREASSOCIATION, ROYAL SUNDARAM GENERAL INSURANCE CO.LIMITED. Insurance and pension funding, except compulsory social security. The insurance arm may be re-christened as Ageas Federal Life Insurance, they said. Just click on the 'Update Information' button below to start the process. 135, 19th Dec, 07. Filing of financials Change of directors The stock has gained 4.53% in the last 2 days. Our reason to exist, our purpose, is to provide means for people to live a life and lifestyle of their choice. IDBI FEDERAL LIFE INSURANCE COMPANY LIMITED. It is inolved in Insurance and pension funding, except compulsory social security. Stake Sale by IDBI Bank in IDBI Federal Life Insurance Company Limited to Ageas and Federal Bank 1ST FLR TRADE VIEW OASIS COMPLEXKAMLA CITY P B MARGLOWER PAREL599MH. Reacting to the development, the share rose 4.34% to Rs 32.45 against previous close of Rs 31.10  on BSE. Application for Conversion of Public Company into Private Company STUDY OF CUSTOMER RETENTION IN IDBI FEDERAL LIFE INSURANCE CORPORATION LIMITED A Project Report submitted in partial fulfillment of the requirements for the award of the degree of Masters of Business Administration by U.SINDHU 11MBA0108 Under the Guidance of Prof. Sudipto Battacharya PhD VIT Business School fostering innovation JULY 2012 1 IDBI Bank share rose 4.34% to Rs 32.45 against previous close of Rs 31.10  on BSE. Insurance is the … Registration of Debentures Learn about IDBI Federal Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. IDBI Bank on Thursday said that it has completed sale transaction of its 23% stake in IDBI Federal Life Insurance Company Limited (IFLI) to Ageas Insurance International JV for a … The IDBI Federal Life Insurance Company has been renamed as Ageas Federal Life Insurance Company after Belgian multinational insurer Ageas Insurance International (Ageas) bought 23 percent holding representing 18,40,00,000 share for a consideration of Rs 507.10 crore. We make no warranties about accuracy of industrial classification. • This application is developed to service needs of our esteemed customers. If not, maybe you’re yet to find the right financial plan. IFL 1533051) and Registered office at P.B. The IDBI Federal Life Insurance Company has been renamed as Ageas Federal Life Insurance Company after Belgian multinational insurer Ageas Insurance … The stake sale could fetch IDBI Bank around Rs 400-500 crore at Rs 1,800-1,900 crore valuation. Idbi Federal Life Insurance Company Limited is a Public incorporated on 22 January 2007. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Kolkata: IDBI Federal Life Insurance Company has now been rebranded as Ageas Federal Life Insurance Company with Ageas Insurance International raising its stake to 49% in it from 26%. No. New Delhi: LIC-controlled IDBI Bank on Thursday said it has sold 23 per cent stake in life insurance venture to foreign partner Ageas for Rs 507 crore. Using this application our customers can get their policy related information on their fingertips. Support your child’s big and bold dreams with IDBI Federal Child Plans - https://bit.ly/3eJesYz # FutureFearless Disclaimer: https://bit.ly/3dIBDkl Currently Ajay Sharma is not associated with any other company. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Registration of new loans Be sure to read through Terms & Conditions carefully before purchasing a report. Letter of Offer • … Do you share the same excitement for your kids’ dreams as them? IDBI Bank is likely to sell 23 percent stake in IDBI Federal Life to Ageas Insurance. With this transaction, the stake of the Belgian partner in IDBI Federal Life Insurance Co Ltd (IFLI) has risen to 49 per cent, the upper foreign direct investment limit prescribed by the law. With this, IDBI Bank's shareholding in the JV now stands at 25% from the earlier 48%. Application form for change of name Changes in shareholding position of promoters and top ten shareholders. 23% to Ageas Insurance International NV (Ageas) and 4% to The Federal Bank (Federal Bank). 24,999,999,500 and its paid up capital is Rs. 12/31/2020 | Press release | Distributed by Public on 01/01/2021 06:13. In case the customer confirms himself to be a healthy individual, no medicals are required under this plan, the company added. By purchasing this Lawsuit Report, you agree to our Terms & Conditions governing usage and limitaions of this report. IRDAI Registration No. In August last year, the bank inked a Share Purchase Agreement to sell 27% of its stake in its joint venture arm IDBI Federal to other JV partners viz. The bank's shareholding in the insurance joint venture now stands at 25% from 48%. You can ask for a company to be added to the front of the queue for updating, especially useful if the address, directors, or other critical information has changed. We achieve that by helping people plan for the future with life insurance. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. If the company has changed line of business without intimating the Registrar or is a diversified business, classification may be different. The bank sold 18,40,00,000 shares of IDBI Federal to Ageas for a consideration of Rs 507.10 crore. We are adding and updating information about hundreds of thousands of companies every day, and periodically add companies to the queue for being updated. The stock has lost 16% in one month. Official Mobile Application from “IDBI Federal Life Insurance Company Limited”. IDBI Federal Life Insurance | 31,610 followers on LinkedIn. Under the transaction, IDBI … Reviews from IDBI Federal Life Insurance employees about working as a Distribution Manager at IDBI Federal Life Insurance. Mumbai, December 31, 2020: On August 6, 2020, IDBI Bank had announced execution of an agreement to sell up to 27% stake in its joint venture insurance arm, IDBI Federal Life Insurance Company Limited (IFLI), to the other JV partners Ageas Insurance International NV and The Federal Bank Limited. Corporate Identity Number (CIN) – U66010MH2007PLC167164. With this transaction, the stake of the Belgian partner in IDBI Federal Life Insurance Co Ltd (IFLI) has risen to 49 per cent, the upper foreign direct investment limit prescribed by the law. Return in respect of buy back of securities Click here to see other companies involved in same activity. The transaction is subject to regulatory approvals from Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority (IRDAI). Registration of Charge (New Secured Borrowings) IDBI Bank completed sale transaction of its 23 per cent stake to Ageas Insurance International on December 31, 2020. Currently Philippe Pol A Latour is not associated with any other company. IDBI Federal Life Insurance Co Ltd. is a three way joint-venture of IDBI Bank, an Indian development and commercial bank; Federal Bank, one of India’s leading [peacock term] private sector banks and Ageas, a multinational insurance giant based out of Europe. 140 reviews from IDBI Federal Life Insurance employees about IDBI Federal Life Insurance culture, salaries, benefits, work-life balance, management, job security, and more. Market cap of the firm rose to Rs 34,730 crore. Empowering you to create the life and lifestyle of your choice | Hello. Conversion of public company into private company or private company into public company Change of Company to LLP In another development, IDBI Bank is expected to complete its 23% stake sale in IDBI Federal Life Insurance Co to Belgium’s Ageas Insurance International by Thursday, The Economic Times said. A valid e-mail address. 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