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SBIs announcement to offload up to 5 per cent stake in SBI Life to a non-promoter group might be construed as a test to see the market response.

SBI Life files for $1-bn IPO; selling 8 per cent stake

SBI Life is 70 per cent owned by SBI and 26 per cent by BNP Paribas Cardif.

17 July 2017 5:30 PM IST