GIC Increased Position in SBI Life Insurance

Posted on 03/15/2021

Singapore’s GIC Private Limited acquired an additional stake in SBI Life Insurance through a secondary market transaction. GIC picked up over 1.67 crore shares of SBI Life at Rs 915 per share, for a total consideration of nearly Rs 1,533.5 crore (US$ 211 million). The shares were purchased from BNP Paribas, represent a 1.675% stake […]

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