SBI approves 4 pct stake sale in insurance arm for Rs 482 crore

State Bank of India (SBI) on Wednesday decided to offload 4% of its stake in SBI General Insurance, its general insurance arm, for Rs 482 crore to an alternative investment fund promoted by Axis AMC and Premji Invest. Post this transaction, SBI General Insurance will be valued at around Rs 12,000 crore. The initial public […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NHkcZ7