Kolkata: Canara HSBC Life Insurance Company intends to raise Rs 2,517.50 crore from the market through an OFS tranche of 23.75 crore shares. The management informed the bourses on October 9 that it has been able to raise as much as Rs 750 crore from anchor investors, the list of which consisted of names such as ICICI Prudential Mutual Fund (MF), HDFC MF, DSP MF, WhiteOak Capital, Mirae Asset MF, Allianz Global Investors Fund, Amundi Funds, Matthews India Fund, Tata MF, Motilal Oswal MF and Societe Generale.

Canara HSBC Life Insurance Company is a JV between PSU Canara Bank and HSBC Insurance (Asia Pacific) Holdings, which is an arm of the HSBC Group. While Canara Bank holds 51% in the venture, HSBC Insurance (Asia Pacific) Holdings has 26%. Canara HSBC Life has placed about 7.08 crore sh

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