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