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US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, will offload its entire 1.9 per cent stake in SBI Life Insurance Company. The share sale will be launched on Thursday.
The price range for the share sale has been set at Rs 1,130-Rs 1,136.85, according to a term sheet. The upper end is SBI Life’s closing price on the BSE on Wednesday. At the lower end, Carlyle will be able to raise Rs 2,147 crore. BofA Securities India is the investment bank handling the share sale.
In 2019, Carlyle had bought a 9 per
The price range for the share sale has been set at Rs 1,130-Rs 1,136.85, according to a term sheet. The upper end is SBI Life’s closing price on the BSE on Wednesday. At the lower end, Carlyle will be able to raise Rs 2,147 crore. BofA Securities India is the investment bank handling the share sale.
In 2019, Carlyle had bought a 9 per
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