Softlogic Life acquires 60% stake in Bangladesh insurer for US$ 1.9 Mn

Softlogic Life Insurance PLC has signed a Share Purchase Agreement (SPA) to acquire a 60% stake in Diamond Life Insurance Company Limited, a licensed life insurance company in Bangladesh, for an approximate value of US$ 1.9 million.

The proposed acquisition marks Softlogic Life’s entry into the Bangladesh life insurance market and forms part of the company’s broader regional expansion strategy aimed at strengthening its presence across South Asia.

The company stated that the transaction will enable it to tap into new growth opportunities in one of the region’s largest and fastest-growing insurance markets while expanding its international footprint.

Softlogic Life said further disclosures will be made upon completion of the transaction and receipt of all required regulatory approvals.