Canara HSBC Life IPO: Canara HSBC Life Insurance Company IPO is set to hit the stock market tomorrow, on October 10. At the upper end, the company is targeting a valuation of about Rs 10,000 crore.

The IPO will be a complete offer for sale (OFS), which means the company itself will not receive any proceeds from the issue.

Instead, the funds raised will go to the existing shareholders who are selling their stakes.

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Under the OFS structure, Canara Bank will divest 13.77 crore shares, HSBC Insurance (Asia-Pacific) Holdings will sell 47.5 lakh shares, and Punjab National Bank will offload 9.5 crore shares.

In total, 23.75 crore equity shares will be sold through the IPO.

Canara HSBC Life IPO Price Band

Canara HSBC Life Insurance Company Ltd has fi

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