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Canara Bank to dilute 14.50% stake in Canara HSBC Life Insurance Company via IPO

Canara Bank to dilute 14.50% stake in Canara HSBC Life Insurance Company via IPO

Jun 01, 2024, at 05:28 am

Mumbai: Public sector lender Canara Bank has approved a proposal to dilute a 14.50 percent stake in its insurance subsidiary, Canara HSBC Life Insurance Company, via an initial public offering (IPO), the bank announced on the exchanges on May 31.