SBI Life Insurance Co. Ltd has fixed a price band of Rs685-700 per share for its initial public offering Where SBI and its JV partner BNP Paribas Cardif S.A. are selling 8% and 4% respectively of the stakes they hold in the insurance firm. At the upper end of the price band, SBI will fetch Rs. 5,600 crores from the share sale, while BNP Paribas Cardif will earn Rs2, 800 crores. The total offer size is Rs8, 400 crores.
