Federal Bank has increased its shareholding in Ageas Federal Life Insurance Company Limited (AFLIC) to 30%. This was achieved through the acquisition of 3,20,00,000 equity shares from Ageas for a total consideration of INR 97,44,00,000 (Rs. 30.45 per share). The acquisition was completed on November 11, 2025, following regulatory approvals and fulfillment of precedent conditions.
Increased Investment in AFLIC
Federal Bank has successfully increased its stake in Ageas Federal Life Insurance Company Limited (AFLIC). On November 11, 2025, the bank finalized the acquisition of additional equity shares, bringing its total ownership to 30%.
Details of the Acquisition
The bank acquired 3,20,00,000 equity shares of AFLIC from Ageas. The agreed-upon consideration for these shares was Rs. 30.45 per share, amounting to a total investment of INR 97,44,00,000. This transaction was executed in accordance with the Share Purchase Agreement (SPA) and subsequent agreements.
Strategic Rationale
This increased stake reflects Federal Bank’s strategic commitment to the insurance sector. With the acquisition now complete, Federal Bank anticipates greater synergy and value creation within its financial services portfolio. The deal was finalized after securing all necessary regulatory approvals and fulfilling the conditions outlined in the SPA dated 30.04.2025.
Source: BSE
