SBI and BNP Paribas Cardif together offer up to 12 crore shares for sale
State Bank of India announced that its subsidiary, SBI Life Insurance Company has filed a draft red herring prospectus with the SEBI for an initial public offer of up to 120,000,000 equity shares of face value of Rs 10 each, representing 12% of its paid up equity share capital for cash, through an offer for sale by State Bank of India and BNP Paribas Cardif S.A of up to 80,000,000 equity shares (representing 8% of the paid up share capital) and up to 40,000,000 equity shares (representing 4% of the paid up share capital), respectively.Powered by Capital Market - Live News
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