Ageas Federal Life Insurance, a joint venture of Ageas of Brussels, Belgium, and Federal Bank, has launched what it calls the first multi-currency life insurance plan from a life insurer at GIFT City in Gujarat, India's first international financial services center. The launch also marks the insurer's start of operations...
Blackstone Invests $705 million in India’s Federal Bank
India’s Federal Bank announced on October 24 that it will sell a 9.99% stake to Asia II Topco XIII Pte. Ltd., an affiliate of private equity firm Blackstone, for $705 million. Once finalized, this deal will make the Blackstone affiliate the bank’s largest shareholder. The bank’s Board has also approved...