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SBI Life Insurance Co. Ltd. is a joint venture between State Bank of India – the largest public sector lender in India and BNP Paribas Cardif. SBI holds the majority 74 per cent share while PNB Paribas owns the remaining 26 per cent stake in the joint venture. SBI Life Insurance was incorporated in 2001, soon after the government of India opened the life insurance sector for private players. In 2007, SBI Life Insurance accredited with an AAA/Stable/P1+ rating by CRISIL (Credit Rating Information Services of India Limited) which is a subsidiary of global rating agency Standard & Poor’s. SBI Life Insurance Co. Ltd has a capital of Rs. 2,000 Cr and a paid up capital of Rs 1,000 Cr.
Wednesday, Oct 04, 2017 10:00 AM
SBI Life Insurance made its market debut on Tuesday as it got listed on the bourses. The issue price of the stock was fixed at Rs 700 per share
Saturday, Sep 30, 2017 10:00 AM
SBI Life Insurance Company, which recently completed its initial share sale offer, will make its stock market debut on Tuesday.
Wednesday, Sep 27, 2017 10:00 AM
The initial public offering (IPO) of the SBI Life Insurance Co Ltd's to raise Rs 8,400 crore ($1.3 billion) will be allotted today.