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IDBI Federal Life Insurance Co. Ltd. is seeking to sell a 100% stake and has started the process of hiring investment banks to manage the sale, Mint reported July 26, citing "two people directly aware of the matter."
IDBI Federal Life is a three-way joint venture between India-based IDBI Bank Ltd. and Federal Bank Ltd. and Belgian insurer Ageas SA/NV. The proposed stake sale would see a complete...




