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SBI in final stages of divesting stake in SBI Life
State Bank of India is believed to be in the final stages of divesting part of its stake in its life insurance subsidiary. SBI Life Insurance Managing Director Arjit Basu said that there is a bright possibility of the exercise getting over by December. If not, it will certainly be over by the end of this fiscal, Basu told ET on Friday in Kolkata. There has also been talks of SBI Life making initial public offer next fiscal.
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