Canara HSBC Life Insurance IPO opens on Friday. (Photo source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Canara HSBC Life Insurance Ltd., has raised Rs 750 crore from anchor investors on Thursday, ahead of its initial public offering. The company allotted 7.08 crore shares at Rs 106 apiece to 33 anchor investors.

HDFC Trustee Company Ltd. A/C HDFC Balanced Advantage Fund got the highest allocation of 7.49%. ICICI Prudential Exports And Services Fund and ICICI Prudential Innovation Fund got the second highest allotment of 6.50% and Mirae Asset ELSS Tax Saver Fund Miraatsfd got 5.94% stake in the company.

Eight domestic mutual funds have applied through 18 schemes, the insurance firm said in an exchange filing on Thursday. They have collectively netted 60.31

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