Bandhan Financial Holdings is in the final stages of taking control of Aegon Life Insurance. The holding company of Bandhan Bank has received the final approval on the acquisition from the Insurance Regulatory & Development Authority (Irdai) earlier this week, two people familiar with the matter told ET.With this, all regulatory approvals for the proposed acquisition are in place. Bandhan received the Reserve Bank of India’s (RBI) go-ahead four weeks ago.“We expect the change of control to take effect in the coming weeks from Aegon and Bennett, Coleman & Co. (BCCL) to the Bandhan Group,” Karni Singh Arha, managing director, Bandhan Financial Holdings, told ET.Aegon Life is a joint…
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