March 1, 2019 / 8:18 AM / 5 months ago

Carlyle Group buys 9 pct stake in India's SBI Life Insurance

March 1 (Reuters) - India’s SBI Life Insurance Ltd said on Friday CA Emerald Investments, an affiliated entity of a Carlyle Group fund, bought a 9 percent stake in the company.

Separately, BNP Paribas Cardif S.A. cut its stake in the insurer by 9.23 percent to 12.77 percent, the company said bit.ly/2UePzcP. (Reporting by Chandini Monnappa in Bengaluru; Editing by Subhranshu Sahu)

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