Carlyle makes partial exit from India's SBI Life
The Carlyle Group has made a partial exit from India-listed life insurance company SBI Life, selling one-third of its stake for approximately INR28.2 billion ($392 million).
The private equity firm offloaded 30 million shares for INR938.83 apiece, according to stock exchange data. The stock has performed strongly since March, gaining more than 70%. This far outstripped the...
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