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Canara HSBC Life Insurance collects ₹750.32 cr from 33 anchor investors

Published in Insurance Saturday, 11 October 2025 16:11

 

 At the upper price band of ₹ 106 per Equity Share

•Price Band has been fixed at ₹ 100 to ₹ 106 per Equity Share of face value of ₹10 each (“Equity Share”)

•Bid Offer will open on Friday, October 10, 2025 and close on Tuesday, October 14, 2025 (“Bid Dates”). 

•Bids can be made for a minimum of 140 Equity Shares and in multiples of 140 Equity Shares thereafter. (“No. of Bids”)

•Link: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20251009-70

 Ne Delhi: Canara HSBC Life Insurance Company Limited has allotted 7,07,85,000  Equity Shares to Anchor Investors at the upper price band of  ₹106/- per Equity Share (including share premium of ₹ 96/. per Equity Share) with a face value of ₹ 10/- per equity share and raised ₹ 750.32 Crore.

Out of the total allocation of 7,07,85,000 Equity Shares to the Anchor Investors, 4,26,93,840 Equity Shares (i.e.60.31% of the total allocation to Anchor Investors) were allocated to 8 domestic Mutual Funds (as defined in the RHP), which applied through a total of 18 schemes

SBI Capital Markets Limited, BNP Paribas, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Offer (the “BRLMs”).

 

Last modified on Saturday, 11 October 2025 16:22

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