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SBI to sell 3.9% stake in SBI Life Insurance for Rs 1,794 crore

State Bank of India (SBI) has informed BSE that the bank's board at a meeting held on Friday approved sale of 3.9 percent stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. SBI holds a total stake of 74 percent in SBI Life Insurance.

first published: Dec 9, 2016 04:54 pm

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