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MUMBAI: Several high-profile sovereign wealth funds, foreign institutional investors and domestic institutional investors lapped up shares of
SBI Life Insurance Company today after the Carlyle-arm fund sold some stake via the open market.
CA Emerald Investments sold 42.3 million shares or 4.22 per cent stake in the life insurer through several block deals on the BSE earlier today. The private equity fund’s stake has now fallen to 1.78 per cent.
However, marquee investors such as Abu Dhabi Investment Authority, Norges Bank, Government of Singapore, Monetary Authority of Singapore and Kuwait Investment Authority nibbled on the company’s stock.
Among FPIs, the prominent buyers included Morgan Stanley Asia, Societe Generale, Amazon Market Neutral Fund, Copthall Mauritius Investment, Baron Emerging Market Fund, Vanguard Total International Index Fund and Integrated Strategies.