BNP Paribas Cardif to sell 2.5 pc stake in SBI Life for Rs 1,625 cr
BNP Paribas held 7.7 crore shares, representing 7.7 per cent stake in the insurance company as on March 31, while the SBI holds 62.10 per cent stake in the company.
BNP Paribas Cardif has been gradually off-loading its stake in the company, as on March 29, it had sold 5 crore shares of the insurance company for Rs 2,889 crore. Image source: Reuters