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Aim to sell 13% stake in Canara HSBC Life Insurance via OFS - PNB MD Chandra

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EXCLUSIVE

Aim to sell 13% stake in Canara HSBC Life Insurance via OFS - PNB MD Chandra

This story was originally published at 15:09 IST on June 25, 2025  Back
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State-owned Punjab National Bank is aiming to sell up to 13% of the total 23% stake in Canara HSBC Life Insurance Co. Ltd. through an offer for sale when the life insurer launches its initial public offering, Ashok Chandra, managing director and chief executive officer of the bank, said. "The insurance company is likely to launch its IPO in Oct-Dec," Chandra told Informist.

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