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IndiaFirst deal with BNP Cardif hits a UBI pact hurdleIndiaFirst Life's proposed stake sale to BNP Paribas Cardif is delayed. Union Bank of India has exited its corporate agency tie-up with Ind...- BNP Paribas Cardif offloads 5% stake in SBI LifeIn a disclosure to exchanges, SBI Life said the foreign promoter of the company has sold 4.99 per cent, equivalent to 5,00,03,480 equity sh...
- SEBI pulls up SBI Life for not complying with minimum public shareholding normsSBI Life started as a 74:26 joint venture between public sector lender SBI and BNP Paribas Cardif of France.
- SBI Life Insurance falls 5% as OFS beginsThe sale price of the OFS shares has been fixed at Rs 650 a piece.
- BNP Paribas to sell 2.5 crore shares of SBI Life in OFSIn October 2017, SBI Life listed after a maiden initial public offer at Rs 700 per share.
- Cardif sells 5 crore shares in SBI Life Insurance for 2,889 croreThe transactions were carried out as bulk deal from one investor to another.
- Carlyle buys 9% stake in SBI Life from BNP Paribas CardifBNP Paribas Cardif S.A. cut its stake in the insurer by 9.23 percent to 12.77 percent, the company said.
- SBI Life is fully funded for next three years: Arijit BasuArijit Basu said SBI Life is growing above industry average at 30 per cent. Will look to bring down ULIPs from 45-50 percent of portfolio.
- SBI Life IPO to open on September 20; firm may raise Rs 8,000 croreThe company is a joint venture between State Bank of India and BNP Paribas Cardif.
- SBI Life files for IPO; seen raising more than $1 billionSBI Life, which is 70% owned by SBI and 26% by BNP Paribas Cardif, will not receive any proceeds.
- SBI may look at IPO of general insurance business next fiscalSBI General Insurance is a joint venture between SBI and Insurance Australia Group.
- SBI Life plans IPO; SBI to dilute 10 per cent stake in insurerSBI also said it is exploring the possibility of diluting 8 per cent stake sale of SBI Life through IPO out of 10 per cent Offer for Sale.
- SBI Life may not go public in next two yearsBI Life Insurance Company is unlikely to go public before the next couple of years while SBI's proposed 10% sell stake to the overseas part...
- SBI Life net profit up 26 per cent at Rs 197 crore in October-December quarterCompany's individual new business premium grew by 32 per cent over the same period last year to Rs 1,556 crore during the quarter.
- BNP Paribas Cardif set to increase SBI stake by 10 per centBNP Cardif will increase its stake by buying SBI's shares in the life insurance business and there will be no fresh capital infusion.
- Stake dilution in SBI Life to be finalised in 3-4 monthsStake dilution by SBI will help the country's largest bank in monetising its investment and provide growth capital for banking business.
- SBI to divest up to 10 per cent stake in life insurance venture"The executive committee of the central board has today authorised divestment of SBI's stake in SBI Life Insurance by up to 10 per cent," S...
- SBI gets approval to divest 10% stake in SBI Life InsuranceThe executive committee of the central board of the bank authorised the divestment on Monday, State Bank of India said in a statement to th...
- French FIs keen on India playFrench bank Natixis is keen on entering the Indian market while SBI Life’s foreign partner Cardif is interested in increasing its presence ...
- SBI Life aims big profits through BancassuranceSBI Life Insurance is aiming big on bancassurance as a distribution channel for its future growth.
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