In terms of equity volume, 2.68 lakh shares of SBI Life were traded on BSE and over 26 lakh shares changed hands at NSE during the day. Photo: REUTERS/SHAILESH ANDRADENew Delhi: Shares of newly-listed SBI Life Insurance Co. on Thursday fell by over 1% to settle below its issue price Rs700. In terms of equity volume, 2.68 lakh shares of the company were traded on BSE and over 26 lakh shares changed hands at NSE during the day. In its trading debut on Tuesday, SBI Life Insurance Co. had settled at Rs708, a premium of just 1.14% over the issue price on BSE. SBI Life is a joint venture between India’s largest lender State Bank of India (SBI) and BNP Paribas Cardif (BNPPC), the insurance holding company of France.

Source: Mint October 05, 2017 14:48 UTC