News From Press SBI Life Insurance files draft prospectus for public issue

SBI Life Insurance files draft prospectus for public issue

Source: Business Line Jul 19, 2017

SBI Life Insurance Company (SBI Life) has filed a draft prospectus with market regulator SEBI for a public offering, which could be the biggest ever so far by a life insurer in the country.

The proposed IPO, which would be through the offer-for-sale route, would involve SBI and foreign partner BNP Paribas Cardiff SA together offloading 12 crore shares of SBI Life at a premium.

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