Comments
Bank of India has sold its 18 per cent stake in Star Union Dai-ichi Life Insurance Company (SUD) to Dai-ichi Life Insurance Company (DILIC) for ₹540 crore. Following the stake-sale, the holding of Bank of India in SUD will fall to 30 per cent. BoI shares will remain in focus as the insurance company had an embedded value of ₹800 crore at the end of March. The deal has taken place at a multiple of 3.8 times enterprise value, which is the future profit of the present value.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.