 "SBI Life Insurance")
SBI Life Insurance Company, a joint venture between State Bank of India (SBI) and BNP Paribas Cardif, will decide on stake dilution by the end of the first quarter of FY18, a senior official said on Wednesday.
“We are considering an initial public offering (IPO)…. the matter is under discussion. The final decision will be taken, most probably, in the first quarter of the next financial year. We are talking with BNP Paribas Cardif,” said Arijit Basu, managing director and chief executive officer of SBI Life Insurance.
He added discussions were on about who would dilute what percentage of shareholding. After that
