Share price of SBI Life Insurance Company declined 1.44% or Rs.11.50, quoting price at Rs.788.15-per share, through the mid-session after the company said the largest lender State Bank of India (SBI) will sell up to 3.50-Cr equity shares, in the company through offer for sale (OFS)
The news in connection with the development has brought cheers to the investors and the Union Bank share price ended on the upper circuit on the BSE and NSE today.
The biggest loser among the NSE Nifty is Hero Motocorp that have tanked more than 6% followed by Tata Motors, Tata Steel, Axis Bank and Maruti Suzuki that recorded considerable falls between 4.62 to 4.98% in range.