Value Line Pte Ltd, an affiliate of KKR Asian Fund, on Wednesday offloaded 65 lakh shares of SBI Life Insurance for about Rs 504 crore through open market transactions.
According to data available with the NSE, Value Line sold 65,00,000 shares for an estimated Rs 503.78 crore with the average price being Rs 775.06 per scrip.
The buyer, however, could not be ascertained immediately.
According to the shareholding pattern available on the NSE, at the end of June quarter, Value Line held 1.95 per cent stake or 1.95 crore shares in SBI Life Insurance.
Shares of SBI Life Insurance Wednesday ended at Rs 767.10 apiece on the NSE, down 1.14 per cent.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app