 "Arijit Basu")
Ahead of SBI Life Insurance's Initial Public Offer (IPO) of equity, Arijit Basu, its managing director and chief executive officer, talks to Subrata Panda on where they are and what's ahead. Edited excerpts:
SBI Life was valued at Rs 46,000 crore when KKR and Temsaek purchased 1.95 per cent share in December 2016. Now, the valuation is close to Rs 70,000 crore. What has caused this sharp rise in nine months?
The valuation is dependent on the embedded value and the multiple you give for the future value of the company. When SBI Life sold stake in December 2016, the embedded
