KKR sells 5.46m shares in Indian insurance firm SBI Life for $75m

KKR sells 5.46m shares in Indian insurance firm SBI Life for $75m

REUTERS/Brendan McDermid

American private equity major KKR on Wednesday sold shares worth Rs533.7 crore (approximately $75 million) that it held in life insurance company SBI Life Insurance Co. Ltd through a block deal on the market, data from stock exchanges shows.