12 September 2018
In order to comply with the 25% Minimum Public Shareholding Indian regulatory requirement, BNP Paribas Cardif may reduce its stake in SBI Life Insurance Company Limited in the next quarters.
In this context, BNP Paribas Cardif is in discussion with BNP Paribas, Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited as advisors.
No firm decision has been made regarding the size, timing or nature of such reduction in stake.
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