SBI Life slips 6% after 3% equity changes hands in multiple block deals

Earlier, reports said that Carlyle Group was looking to sell 3 per cent of its stake in SBI Life in the price range Rs 930-940 apiece, a 6-7 per cent discount to Monday's closing price.

Shares of SBI Life Insurance Company slipped over 6 per cent in the opening deals on Tuesday after reports said 3.37 crore shares or 3.4 per cent equity worth Rs 3,222 crore of the company traded in multiple block deals at an average price of Rs 945 per share. 

At 09:30 am, the stock was trading 6 per cent lower at Rs 939 apiece on the BSE. In comparison, the S&P BSE Sensex was trading 107 points or 0.26 per cent higher at 40,391 levels. 

Earlier, reports said that Carlyle Group, the private equity firm, was looking to sell 3