India Digest: Bharti Axa, Kedaara eye IDBI Federal; UltraTech sells units to Heidelberg

India Digest: Bharti Axa, Kedaara eye IDBI Federal; UltraTech sells units to Heidelberg

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Bharti Axa Life Insurance, Kotak Life Insurance, Rakesh Jhunjhunwala’s RARE Enterprises and Kedaara Capital have placed separate bids to acquire a controlling stake in IDBI Federal Life Insurance. In another development, UltraTech Cement is selling stake in Bangladesh units to HeidelbergCement.