SBI Life sells 3.9% stake, deal values firm at ₹46,000 crore
The country's largest lender SBI on Friday said that its central board has approved the sale of 3.9% stake in its life insurance arm SBI Life. The sale will be to US-based private equity firm KKR and Singapore-based company Temasek. Further, the deal will value SBI Life at ₹46,000 crore. 