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BTCC / BTCC Square / Global Cryptocurrency /
Canara HSBC Life Raises ₹750 Crore from Anchor Investors Ahead of IPO

Canara HSBC Life Raises ₹750 Crore from Anchor Investors Ahead of IPO

Author:
Global Cryptocurrency
Published:
2025-10-10 06:28:02
7
1
BTCCSquare news:

Canara HSBC Life Insurance Company Ltd secured over ₹750 crore from anchor investors, including prominent names like ICICI Prudential Mutual Fund and HDFC MF, ahead of its IPO. The insurer allotted 7.08 crore shares at ₹106 apiece, valuing the transaction at ₹750.32 crore.

The ₹2,516-crore public offering opens for subscription on October 10, with a price band of ₹100-106 per share. At the upper end, the company targets a valuation of ₹10,000 crore. The IPO is structured as an offer for sale, with Canara Bank and HSBC Insurance divesting stakes.

|Square

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