Union Bank of India raises stake in SUD Life to 26.24%
Union Bank of India invests ₹336.51 crore more in Star Union Dai-ichi Life Insurance, raising its shareholding from 25.10 per cent to 26.24 per cent.
Union Bank of India has invested an additional ₹336.51 crore in Star Union Dai-ichi Life Insurance, increasing its stake to 26.24 per cent. | Photo Credit: Adeel Halim
Union Bank of India said it has invested an additional ₹336.51 crore in Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life).
Accordingly, the bank’s shareholding in SUD Life has increased from 25.10 per cent to 26.24 per cent.
This investment follows the Board’s approval on September 11, 2026, and permission from the Reserve Bank of India received on October 15, 2026, per a regulatory filing.
The company, incorporated in 2007, is a three-way joint venture between Bank of India, Union Bank of India, and Daiichi Life International Holdings LLC.
Published on November 12, 2026 19:24
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Source: BusinessLine Money & Banking
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