trending Market Intelligence /marketintelligence/en/news-insights/trending/chY6f1nqySSELflLaKoIXw2 content
Log in to other products

Login to Market Intelligence Platform

 /

Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

State Bank of India pares stake in life insurance subsidiary

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


State Bank of India pares stake in life insurance subsidiary

State Bank of India sold a 4.5% stake in SBI Life Insurance Co. Ltd. to achieve a minimum public shareholding of 25% in the insurance subsidiary.

The state-owned bank sold 45 million shares of SBI Life on the country's stock exchanges on Sept. 12 and Sept. 13, according to a Sept. 16 release.

The share sale reduced the bank's ownership stake in its life insurance subsidiary to 57.60% from 62.10%.

The bank did not disclose how much it raised from the stake sale. It previously said the floor price for the share sale was set at 770 rupees per share.

As of Sept. 16, US$1 was equivalent to 71.55 Indian rupees.