SBI Life Insurance Company update on compliance with minimum public shareholding requirements

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Capital Market
Last Updated : Sep 25 2018 | 10:31 AM IST
SBI Life Insurance Company announced that the company has been informed by BNP Paribas Cardif SA may consider reducing its shareholding in the Company to ensure compliance with minimum public shareholding requirements in accordance with applicable law.

In this context, BNP Paribas Cardif has also confirmed that it is yet to make any firm decisions regarding the size, timing or nature of such potential reduction in their shareholding of the Company.

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First Published: Sep 25 2018 | 10:07 AM IST

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