Subsidiary24 Jul 2026, 09:10 pm
Bank of Baroda Subsidiary Stake Transfer in IFLIC
AI Summary
Bank of Baroda has been informed by its subsidiary, Indiafirst Life Insurance Company Limited (IFLIC), about a significant share transfer. Caramel Point Investments India Private Limited will transfer its 25.96% stake in IFLIC to BNP Paribas Cardif. This transaction is subject to necessary regulatory approvals. Importantly, Bank of Baroda confirms that this change does not affect its own shareholding or controlling interest in IFLIC. The disclosure is made in compliance with SEBI (LODR) Regulations, 2015.
Key Highlights
- IFLIC, a subsidiary of Bank of Baroda, is involved in a stake transfer.
- 25.96% stake in IFLIC to be transferred to BNP Paribas Cardif.
- Transaction is subject to regulatory approvals.
- Bank of Baroda's shareholding in IFLIC remains unchanged.
- Disclosure made as per SEBI (LODR) Regulations, 2015.
Price Impact
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