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India's Canara HSBC Life IPO fully subscribed on final day, driven by institutional buyers

Written By: TDG Syndication
Last Updated: October 14, 2025 13:14:03 IST

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 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)

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