SBI: Life Insurance files DRHP for IPO

SBI: Life Insurance files DRHP for IPO


National | Written by : IANS| Updated: Tue, Jul 18, 2017, 12:24 AM

 

SBI: Life Insurance files DRHP for IPO

Mumbai, July 18 (SURYAA): State Bank of India on Monday said that its subsidiary SBI Life Insurance Company has filed a draft red herring prospectus with Sebi for an initial public offering.

According to a regulatory filing made to the BSE, the state-run bank said that the IPO will offer up to 12 crore equity shares of face value of Rs 10 each.