SBI Life Insurance Company bought 2.05 lakh shares in Safari Industries via open market transactions at an average price of Rs 3,775 per share, amounting to Rs 77.38 crore.
Investcorp, the global investment manager, has sold its stake in luggage maker Safari Industries, realizing a total return of Rs 285 crore. The company made partial exits in three tranches, with the final one occurring recently. Investcorp had initially invested Rs 75 crore in Safari Industries in February 2021.