India's Canara HSBC Life IPO fully subscribed on final day, driven by institutional buyers
14/10/2025 08:43
BENGALURU, Oct 14 (Reuters) - Canara HSBC Life Insurance Company's $283 million initial public offering (IPO) was fully subscribed on the third day of its bidding on Tuesday, driven by robust interest from institutional buyers.
A joint venture between India's Canara Bank CNBK.NS and HSBC Insurance (Asia-Pacific) Holdings, the insurer is targeting a market valuation of around $1.14 billion through the IPO.
(Reporting by Nishit Navin and Vivek Kumar M; Editing by Sumana Nandy and Sonia Cheema)
((Nishit.Navin@thomsonreuters.com;))
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