SBI Life Insurance Company Limited
The Government of Singapore trimmed its stake in SBI Life Insurance Company Limited from 3.32% to 3.27%, selling 5,56,555 shares. Based on the share price of ₹1650.00, the transaction is valued at approximately ₹91.83 crore.
A leading life insurance provider in India, SBI Life Insurance offers comprehensive life insurance and annuity products to individual and corporate customers nationwide. The company operates as a joint venture between State Bank of India and BNP Paribas Cardif S.A., combining India's domestic banking expertise with international insurance experience. SBI Life serves millions of customers through an extensive distribution network spanning the country.
Singapore sovereign investor (GIC), managing the Government of Singapore's foreign reserves. One of the world's largest SWFs with significant Indian equity holdings.