KKR, Temasek invest $266m in India's SBI Life
KKR and Temasek Holdings have agreed to invest INR18 billion ($266 million) for a 3.9% stake in SBI Life, the life insurance subsidiary of the State Bank of India (SBI).
The firms will each purchase 19.5 million shares currently held by SBI for INR460 each, valuing the company at INR460 billion. SBI's stake in SBI Life will drop from 74% to 70.1% after the deal, while...
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