Exide Life in fray to acquire IDBI Federal Life Insurance, say Sources

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.