SBI Life Insurance Company Ltd.

SBI Life Insurance Company has acquired nearly 9 per cent stake in Paisalo Digital for about Rs 186.20 crore through the open market. The company has acquired a total of 38,00,000 equity shares equivalent to 8.99 per cent at Rs 489.99 per share for a cash consideration as an ordinary course of business on the stock exchange on December 24.

SBI Life Insurance Company is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.