BNP Paribas’ Sale of 2.5 crore shares of SBI Life


Khaitan & Co advised BNP Paribas Securities India Private Limited and Citigroup Global Markets India Private Limited, in their capacity as Brokers.

BNP Paribas Cardif executed the sale of 2.5 crore shares of SBI Life Insurance through the offer for sale (OFS).

The sale price of the OFS shares has been fixed at Rs 650 apiece.

SBI Life is a joint venture between State Bank of India and French multinational bank BNP Paribas Cardif.

Khaitan & Co advised BNP Paribas Securities India Private Limited and Citigroup Global Markets India Private Limited, in their capacity as Brokers with a team including Sudhir Bassi (Picture), Abhimanyu Bhattacharya (Partner), Chirayu Chandani (Principal Associate) and Devarshi Mukhopadhyay (Associate) represented the client on the transaction, with assistance from Soumya Mohapatra (Counsel), Navodita Gupta (Principal Associate) and Deeksha Mallik (Associate)

Involved fees earner: Sudhir Bassi – Khaitan & Co.; Abhimanyu Bhattacharya – Khaitan & Co.; Soumya Mohapatra – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: BNP Paribas Securities; Citigroup Global Markets Ltd;