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FEDERALBNK

Increases Stake in AFLIC!

has acquired 3.2 crore (4%) equity shares of Ageas Federal Life Insurance Company (AFLIC) from Ageas Insurance International NV at ₹30.45/share, totaling ₹97.44 crore 💰. With this move, the bank now holds 30% stake in AFLIC on a fully diluted basis 🎯. A strong step by Federal Bank, one of Kerala’s leading private sector banks 🏦, expanding its footprint in the insurance space! 🌟