It has been over 2 months since IDBI-Federal Life Insurance has been on the block. There are two aspect to this story.
First, as far as acquisition of IDBI- Federal Life Insurance is concerned, there are two players – Aditya Birla Sun life Insurance and Max Life Insurance which are likely to be the top contenders for this acquisition.
Second, Exide Life is also one of the companies which is in the fray.