According to the latest shareholding pattern, BNP Paribas Cardiff held 52 million shares in SBI Life equivalent to 5.20% in the company and SBI 55.50%.
BNP Paribas Arbitrage and Government of Singapore bought 0.90% and 1.68% stake in the life insurer for ₹821 crore and ₹1533 crore respectively.
In June 2019, BNP Paribas Cardiff had sold a 2.5% stake in SBI Life Insurance for about ₹1,625 crore, whereas in March 2019, it had offloaded a 5% stake for ₹2,889 crore and another 9.2% stake for ₹4,751 crore.
During the quarter ended December 31, 2020, SBI Life reported a 40.2 per cent drop in net profit to ₹232.85 crore against ₹390 crore in the same period of the previous year.
Shares of SBI Life Insurance Company lost 2.78% to close at ₹913.90 on Friday on the BSE, while the benchmark index, Sensex declined 0.95% to close at 50792.08 points.