June 27, 2020 / 6:00 AM / 10 days ago

BRIEF-IDBI BANK To Sell Stake In Insurance JV to Ageas, Federal Bank

June 27 (Reuters) - Idbi Bank:

* BOARD APPROVES SALES OF 26% STAKE IN IDBI FEDERAL LIFE INSURANCE CO LTD TO AGEAS- STATEMENT

* BOARD APPROVES SALES OF 4% STAKE IN IDBI FEDERAL LIFE INSURANCE CO TO FEDERAL BANK

* IDBI BANK TO SELL STAKE TO AGEAS AND FEDERAL BANK AT A COMBINED VALUE OF ABOUT 5.95 BILLION RUPEES Source text for Eikon: Further company coverage: (Reporting by Nidhi Verma)

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