Announced
Carlyle Group and GIC acquired 10% stake in SBI Life Insurance for $742m.
Synopsis
Carlyle Group and GIC are buying a 10% stake in SBI Life Insurance Co from BNP Paribas Cardiff for $742m. Carlyle and GIC beat out bids from KKR and Temasek. The proposal from Carlyle and GIC has been sent to the Insurance Regulatory and Development Authority.
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