News From Press SBI Life Insurance stock closes higher amid report Carlyle-GIC consortium eyeing 10% stake in homegrown insurer

SBI Life Insurance stock closes higher amid report Carlyle-GIC consortium eyeing 10% stake in homegrown insurer

Source: Business Today Dec 28, 2018

The SBI Life Insurance Company stock closed higher today amid a media report that US-based private equity giant The Carlyle Group and Singapore's sovereign wealth fund GIC will jointly buy a 10% stake in SBI Life Insurance Company from insurer BNP Paribas Cardif.

International insurance firm BNP Paribas Cardif is selling the stake in the homegrown life insurer to meet regulatory norms for a public float.

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1 Comment

Sudheer Kumar Tiwari · 5 years ago `

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