SBI Life Insurance shares jumped 1.14% yesterday, making it the 41st largest listed company in the country. Let it be said yesterday that it was normal and its shares were issued in 700 rupees in the IPO. Its first deal was at 5% premium. After this, it continued to trade on the level of 702.25 to 738 all day.

However, after doing business throughout the day, the price of its issuance increased by 1.14% in evening and closed at Rs 708. At this stock price, the market capitalization of SBI Life Insurance rose to Rs 70,800 crore and the company joined the 41st largest company of the country.

According to company's MD and CEO Arijit Basu, he will now extend his company to South Asian countries including Nepal and Bangladesh. According to them, they got permission to do business in Bahrain. Let us know that SBI Life Insurance, the heavyweight State Bank, and France's BNP Paribas Cardiff have a common company. Its IPO came on September 20-22.

Arundhati Bhattacharya, Chairman, SBI, said: “We welcome the customers, employees and all other stakeholders of associate banks and Bharatiya Mahila Bank (BMB) to SBI fold.

"The bank will strive to conclude the transition process within a quarter. The combined entity will enhance the productivity, mitigate geographical risks, increase operational efficiency and drive synergies across multiple dimensions while ensuring increased levels of customer delight.”

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