Federal Bank to Raise Stake in Ageas Federal Life Insurance to 30%

27 Mar 2025 CW Team

Federal Bank is set to strengthen its partnership with Ageas Federal Life Insurance (AFLIC) by increasing its stake in the private life insurer from 26 per cent to 30 per cent. The bank’s board has approved the execution of a binding Memorandum of Understanding (MoU) with Ageas Insurance International NV and AFLIC to acquire an additional 4 per cent equity stake, subject to regulatory approvals and customary conditions.

The acquisition, once completed, will reinforce Federal Bank’s long-term commitment to the life insurance sector, expanding its role in the growing industry. The move also aligns with Ageas Federal Life Insurance’s strategy to strengthen its distribution channels and enhance its presence in India’s evolving insurance landscape.

Commenting on the development, Jude Gomes, Managing Director (MD)and CEO of Ageas Federal Life Insurance, said, “We welcome this step by Federal Bank, which reflects the continued trust and confidence in our partnership and business growth potential. As we progress towards completing this transaction, we remain committed to strengthening our bancassurance-driven model, delivering customer-centric insurance solutions, and reinforcing our presence in India’s dynamic insurance sector.”

The transaction is subject to the execution of a Share Purchase Agreement (SPA) and requisite approvals from regulatory authorities. The development underscores the increasing strategic importance of bancassurance in India’s insurance sector, with Federal Bank further deepening its engagement in life insurance.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..