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 […]
