SBI Life rises on subscribing initial investment in equity capital of Bima Sugam India Federation
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SBI Life is currently trading at Rs. 1576.00, up by 9.75 points or 0.62% from its previous closing of Rs. 1566.25 on the BSE.
The scrip opened at Rs. 1566.25 and has touched a high and low of Rs. 1583.30 and Rs. 1566.25 respectively. So far 3635 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1935.00 on 03-Sep-2024 and a 52 week low of Rs. 1307.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1637.75 and Rs. 1556.25 respectively. The current market cap of the company is Rs. 157312.08 crore.
The promoters holding in the company stood at 55.39%, while Institutions and Non-Institutions held 40.51% and 4.10% respectively.
SBI Life Insurance Company has subscribed to an initial investment in the equity capital of the Bima Sugam India Federation on November 11, 2024. The company will hold 8.33% of initial shareholding through acquisition of 10,000 equity shares of face value Rs 10 each.
The transaction shall be completed within statutory timelines.
SBI Life Insurance Company is carrying on business of life insurance and annuity.
