After agreeing to a deal to sell 3.9 per cent stake in SBI Life Insurance, its joint venture with BNP Cardiff, a French financial group, State Bank of India will begin the process for re-valuation of the arm, for a plan to sell a further 10 per cent stake to the partner.
A senior SBI executive said the deal with KKR and Temasek gave a benchmark to carry out the re-valuation of SBI Life, for possible sale of the additional stake to the French entity.
SBI Life to begin re-valuation to sell additional 10 % stake
ByBimabazaar- Adminstrator
March 25, 2017
