Bank of India to sell 25% stake in life insurance JV SUD Life

Bank of India (BoI) has announced that it will sell 25.05% equity stake in Star Union Dai-Ichi Life Insurance Company (SUD Life) at a floor price of Rs. 170.50 per share.
At the floor price, the sale could earn Rs. 1,106 crore for BOI.
Star Union Dai-Ichi Life Insurance is a JV between BoI (holds 28.96 per cent), Union Bank of India (holds 25.10 per cent), and Japan’s Dai-ichi Life Insurance Company ( holds 45.94 per cent)

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