Private Equity Liquidity Events
CPPIB sells SBI Life shares worth Rs.2,693-Cr
The Canada Pension Plan Investment Board (CPPIB) sold 23 million shares (constituting a 2.3% stake) of publicly listed SBI Life Insurance Company. The shares were sold at INR 1,171 apiece reaping INR 2,693 crore. Prior to the share sale, CPPIB had held 28.58 million shares (2.86% stake) in SBI Life.
From the Venture Intelligence PE-VC Deal Database: In Aug-19 CPPIB had invested INR 1,155 Cr in SBI Life Insurance Company (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)