 "SBI Life takes a lead over ICICI Prudential, HDFC life on key parameters")
Insurance Australia Group, the joint venture partner in SBI General Insurance, on Thursday said they have entered into definitive agreements to sell its entire stake of 26 per cent in the general insurance company with a couple of private equity investors.
Insurance Australia Group will sell 16.01 per cent of its 26 per cent stake to Napean Opportunities LLP, an affiliate of Premji Invest, a private equity firm.
The rest 9.99 per cent will be acquired by WP Honey Wheat lnvestment Ltd of the Warburg Pincus group.
On the stake sale, IAG MD&CEO Peter Harmer said, "IAG has enjoyed a
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