On 12 March 2021, BNP Paribas Cardif offloaded 5,00,03,480 equity shares (representing 5% of equity) of SBI Life Insurance Company at an average price of Rs 911.28 per share via bulk deal on the BSE.On the same day, the Government of Singapore purchased 1,67,59,530 shares, or 1.68% stake, of SBI Life via bulk deal at average price of Rs 915 on BSE. BNP Paribas Arbitrage also bought 90,20,000 shares, or 0.9% stake, of SBI Life via bulk deal at an average price of Rs 910 on the same day. As of 31 December 2020, BNP Cardif, classified as promoter group, held 5.2% stake in SBI Life. Shares of life insurance company were up 0.22% at Rs 915.9 on BSE.