 "Bank of India, BOI")
State-owned lender Bank of India (BoI) is planning to sell 25.05 per cent equity stake in Star Union Dai-ichi Life Insurance for Rs 1,106 crore at Rs 170.50 floor price of each share.
BoI has 28.96 per cent equity stake in Star Union Dai-ichi Life insurance. Other joint venture partners in the life insurance company are Union Bank of India and Japan-based Dai-ichi Life Holdings. Union Bank of India owns 25.1 per cent stake in the life insurance company, whereas Dai-ichi Life holdings with 45.94 per cent stake is the majority shareholder.
After the stake sale, BoI will
BoI has 28.96 per cent equity stake in Star Union Dai-ichi Life insurance. Other joint venture partners in the life insurance company are Union Bank of India and Japan-based Dai-ichi Life Holdings. Union Bank of India owns 25.1 per cent stake in the life insurance company, whereas Dai-ichi Life holdings with 45.94 per cent stake is the majority shareholder.
After the stake sale, BoI will
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