Bank of India sells 18% stake in Star Union Dai-lchi Life Insurance Company

To Dai-ichi Life Insurace Company

Bank of India announced that upon change in law, Bank of India has sold its 18% stake in Star Union Dai-lchi Life Insurance Company (SUD) to Dai-ichi Life Insurace Company (DILIC).

Hence, the Shareholding of DILIC will be 44% up from 26% upon completion of the transaction after receiving necessary statutory / regulatory approvals. Shareholding of Bank of India will be 30% down from 48%. Union Bank continue to hold 26%.

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