Shares of SBI Life Insurance Company slipped 6% on the NSE post block deal. Around 3.37cr shares or 3.4% equity worth Rs3,222cr of the company traded in multiple block deals at an average price of Rs945 per share.

Private equity firm Carlyle Group is planning to sell 3% or 3 cr shares of SBI Life Insurance through a block deal route, as per media reports. The sale price range of the offer has been fixed at Rs930-940 apiece, a 6-7% discount to Monday’s closing price.

SBI Life Insurance Company Ltd is currently trading at Rs939.10, down by Rs60.45 or 6.05% from its previous closing of Rs999.55 on the BSE.

The scrip opened at Rs957.80 and has touched a high and low of Rs966 and Rs935 respectively.

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