Edition:
United Kingdom

SBI Life Insurance Co Says BNP Paribas Cardif SA Informed It May Consider Cutting Stake In Co


Monday, 24 Sep 2018 

Sept 24 (Reuters) - SBI Life Insurance Company Ltd ::INFORMED BY BNP PARIBAS CARDIF SA THAT BNP PARIBAS CARDIF MAY CONSIDER REDUCING ITS SHAREHOLDING IN CO.BNP PARIBAS CARDIF TO REDUCE SHAREHOLDING IN CO TO ENSURE COMPLIANCE WITH MINIMUM PUBLIC SHAREHOLDING REQUIREMENTS.BNP PARIBAS CARDIF ALSO CONFIRMED IT IS YET TO MAKE FIRM DECISIONS ON SIZE, TIMING, NATURE OF POTENTIAL REDUCTION IN STAKE OF CO.