Indian PE-backed insurer SBI Life files for IPO
SBI Life, the life insurance subsidiary of the State Bank of India (SBI) whose backers include KKR and Singapore’s Temasek Holdings, has filed for an IPO.
SBI Life’s offer will consist exclusively of shares from existing investors SBI and BNP Paribas, which are offloading up to 80 million and 40 million shares, respectively. The shares to be sold by the...
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