 "SBI Life Insurance")
SBI Life Insurance Company on Tuesday made a tepid trading debut, with the stock gaining less than two per cent on the National Stock Exchange (NSE). The shares of the State Bank of India (SBI)-backed life insurer closed at Rs 713.3, compared to the issue price of Rs 700. The stock touched a low of Rs 701.7 and a high of Rs 740 on the NSE. A total of Rs 2,565 crore worth of SBI Life shares changed hands on the NSE, and another Rs 361 crore on the BSE.
SBI Life’s Rs 8,400-crore initial public offering (IPO) last month had
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