Rs8,500-crore SBI Life Insurance IPO receives Sebi approval2 min read . Updated: 08 Sep 2017, 08:00 AM IST
State Bank of India and BNP Paribas will sell 80 million and 40 million shares respectively in SBI Life Insurance IPO, amounting to a combined 12% stake
Mumbai: SBI Life Insurance Co. Ltd, a joint venture between State Bank of India and BNP Paribas Cardif, has received the market regulator’s approval for an initial public offering (IPO) to raise around Rs8,500 crore, three people aware of the development said.
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