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

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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