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

The US-based buyout group had acquired a 9% stake in SBI Life Insurance in March 2019 for about $652 million in one of its biggest investments in India. The private equity firm purchased the stake from BNP Paribas Cardif SA. Shares of SBI Life have surged 87% since March 2019 compared with the Niftys return of 51%.

via Economictimes

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