SBI Life Insurance gets SEBI approval for Rs 8,400 crore IPO

Posted on:07 Sep 2017 16:08:49
SBI Life Insurance gets SEBI approval for Rs 8,400 crore IPO
07 September 2017 Current Affairs:

SBI Life Insurance received approval from the Securities and Exchange Board of India for an IPO (Initial Public Offering) of up to Rs 8,400 crore ($1.3 billion).

It involves 120 million secondary shares or 12 per cent of the insurer's equity capital. State Bank of India which currently owns 70.1 per cent of the insurer, will sell 80 million shares and BNP Paribas Cardif, holder of a 26 per cent stake, will sell 40 million.


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS
14 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS