SBI Life

Carlyle arm plans to sell all of its 1.9% SBI Life stake

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Carlyle arm plans to sell all of its 1.9% SBI Life stake

Mumbai: US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell its entire 1.9 per cent stake in worth Rs 2,160 crore through the stock exchange platform on Thursday, according to a term sheet issued by the sole book-runner BofA Securities. The sale price has been fixed at … Read more

Life insurers’ new biz premiums hint at revival

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Life insurers’ new biz premiums hint at revival

MUMBAI: Life insurers saw new business premiums (NBP) climb more than a fourth in September, pointing to a quick revival in an industry that’s crucial for helping finance long-gestation and capital-intensive assets. In September, NBP of life insurers saw a robust 26.5% increase at Rs 25,366.32 crore against the same period last year, led by … Read more