BNP Paribas Cardif has sold a 4.99 per cent stake in SBI Life Insurance, amounting to 5 crore shares. It now holds a 0.2 per cent stake in the private sector life insurer.

The share sale was in the open market, SBI Life Insurance said in a regulatory filing.

SBI Life scrip was down 1.76 per cent during intra-day trade on BSE on Friday.

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