BNP Paribas Cardif $419 million divestment of 5.074% stake in SBI Life Insurance Company stake

6/4/2019
Divestment, Block trade

$ 419 million

Completed

6/4/2019


Overview:

  • French multinational bank BNP Paribas Cardif has sold 5.074% of the paid up equity share capital of SBI Life Insurance Company through a block trade.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal types:

Divestment
Block trade

Practice area:

M&A

Industry sector:

Insurance


Firm:

Party: BNP Paribas Cardif (Seller)