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PE fund, top family office to pick up stake in SBI General Insurance

By Ranjani Raghavan

  • 26 Sep 2018
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PE fund, top family office to pick up stake in SBI General Insurance
Credit: Thinkstock

State Bank of India (SBI), the country's top lender, said on Wednesday its board has approved a plan to divest a 4% stake in its general insurance arm to a private equity fund and the family office of Wipro Ltd chairman Azim Premji. SBI will sell 8.6 million shares in SBI ......

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