Union Bank of India hikes stake in Star Union Dai-ichi Life Insurance Co.

Union Bank of India has invested an additional amount of Rs 336.51 crore in Star Union Dai-ichi Life Insurance Co. (SUD Life), a joint venture company of the Bank pursuant to the Board's approval dated 11 September 2026 and permission from the Reserve Bank of India received on 15 October 2026. Accordingly, the shareholding of the Bank in Star Union Dai-ichi Life Insurance Co. has increased from 25.10% to 26.24%.