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IDBI Federal Life stake sale on hold after LIC-IDBI deal: Vighnesh Shahane

IDBI Bank was earlier looking to raise capital through the sale of its non-core assets that included selling its 48 per cent stake in the IDBI Federal Life to help clean up its balance sheet

IDBI Federal Life CEO and Director Vighnesh Shahane
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IDBI Federal Life CEO and Director Vighnesh Shahane

Advait Rao Palepu
Speaking to Advait Rao Palepu, IDBI Federal Life CEO and Whole-Time Director Vighnesh Shahane talks about the future of the company given the acquisition of IDBI Bank by the Life Insurance Corporation of India. 

Q: With the acquisition of IDBI Bank by the Life Insurance Corporation, is there any clarity on the prospects of selling the promoting bank's stake in IDBI Federal Life?

A: Over the past 15 months, there has been constant news that IDBI Bank has been in need of capital infusion. The shareholders had decided that there would be a stake sale in the company and they

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