Bank of India looks to divest insurance JV stake for $160 million
Synopsis
BoI is looking to sell 64.9 million shares, or 25.02 per cent stake, in Star Union Dai-ichi Life Insurance Co.
BoI has a 28.96 per cent stake in the joint venture while Union Bank of India and Dai-ichi Life own 25.10 per cent and 45.94 per cent, respectively.