Sbi Life Insurance
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Global investment firm Carlyle acquires 9% stake in SBI Life Insurance from BNP Paribas Cardif
•SBI Life Insurance on Friday said global investment firm Carlyle Group has acquired nine percent stake in the life insurer from BNP Paribas Cardif
State Bank of India July-Sep standalone net profit slips 38% on higher provisions; bad loans improve on-quarter
•State Bank of India profit zoomed because of sale of its stake in SBI Life Insurance.
Anil Ambani-led Reliance General Insurance files draft papers for IPO
•Reliance General Insurance, which received in-principle approval from insurance sector regulator IRDAI last month for the IPO, expects to get listed in the current financial year.
SBI Life Insurance Company shares list at Rs 733.30, at 5% premium to issue price
•SBI Life is a joint venture between India's largest lender State Bank of India (SBI) and BNP Paribas Cardif (BNPPC), the insurance holding company of France.
New India Assurance IPO gets Sebi go-ahead; issue size likely to be $1bn
•New India Assurance Company had filed draft prospectus with Sebi in August and received 'observations' from it on 15 September that are necessary for an IPO
SBI Life to launch India's first billion dollar IPO in 7 years on 20 Sept, price range Rs 685-700
•This would be the second listing of a life insurer after ICICI Prudential Life Insurance, which went public last year.
Reliance General Insurance gets IRDAI nod for initial public offering
•Reliance General Insurance is expected to list during the ongoing fiscal
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Sponsored •SBI gets approval to divest 10% stake in SBI Life Insurance
Fp Archives •SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France's BNP Paribas SA.