SBI Plans To Come Up With SBI Life IPO By First Half Of FY18 - Dollar Advisory Financial Services

Breaking

Friday 12 May 2017

SBI Plans To Come Up With SBI Life IPO By First Half Of FY18

The State Bank of India plans to dilute 12 percent of its stake in SBI Life initial public offer instead of 10 percent decided earlier. The bank also plans to dilute 8 percent stake sale of SBI Life through IPO, as per sources.

BNP Paribas Cardiff is also likely to dilute 4 percent stake instead of 2 percent earlier.

SBI Life is the insurance vertical of the India’s largest public sector bank and is a joint venture between BNP Paribas Cardiff. SBI owns 74 percent of the total capital, BNP holds 26 percent and rest 1.95 percent is with KKR and Temasek.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

No comments:

Post a Comment