Cardif sells 5 crore shares in SBI Life Insurance for 2,889 crore

Date posted: Monday 1 April 2019

BNP Paribas Cardif, the foreign partner of SBI Life Insurance sold 5 crore shares of the company for Rs 2,889 crore. The sale was done at average price of Rs 577.93 per equity share. Meanwhile, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares. The transactions were carried out as bulk deal from one investor to another.

(Economic Times)