India: SBI to divest 4% stake in general insurance unit for $67m

India: SBI to divest 4% stake in general insurance unit for $67m

Photo: Pradeep Gaur/ Mint

State Bank of India (SBI), the country’s top lender, on Wednesday said its has received the board’s approval to sell  4 per cent stake in SBI General lnsurance Company Ltd. at a total consideration of Rs. 481.73 crore (nearly $67 million).

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