Business Standard

Carlyle sells 4.2% in SBI Life at Rs 960 per share in pre-market deal

CA Emerald Investments, an affiliate of Carlyle Asia Partners, sold a total of 4.23 million shares for Rs 4,061 crore

SBI Life Insurance, SBI Life
Premium

Photo: Reuters

BS Reporter Mumbai
Private equity (PE) major Carlyle on Friday sold 4.2 per cent in SBI Life Insurance Company. The share sale was done on BSE’s pre-market block window at Rs 960 per share.

CA Emerald Investments, an affiliate of Carlyle Asia Partners, sold a total of 4.23 million shares for Rs 4,061 crore, data provided by the exchange showed.

More than three dozen institutional investors were among the buyers. ICICI Prudential Mutual Fund picked up 9 million shares worth Rs 864.0 crore, while Aditya Birla Sun Life Mutual Fund and Government of Singapore 4.6 million and 3.5 million respectively.

Prior

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in