SBI Life Insurance Company Limited (our 'Company') has been informed by BNP Paribas Cardif S.A. ('Cardif') that one of its nominee directors, Mr. Gerard Binet has tendered his resignation as a non-executive director of our Company with effect from March 9, 2019.
Consequent to the aforesaid, the board of directors of our Company (our 'Board'), considered the resignation tendered by Mr. Gerard Binet and subsequently by way of its circular resolution dated March 11, 2019 ('Resolution') accepted such resignation with effect from March 9, 2019. Additionally, the Board by way of the Resolution relived Julien Hautiere-Rey as alternate director for Gerard Binet with effect from March 9, 2019.
Shares of SBI Life Insurance Company Ltd was last trading in BSE at Rs.622.2 as compared to the previous close of Rs. 587.15. The total number of shares traded during the day was 66737 in over 3035 trades.
The stock hit an intraday high of Rs. 625 and intraday low of 587. The net turnover during the day was Rs. 40813442.