India: SBI Life Insurance to launch $1.3b IPO on September 20

Photo: Pradeep Gaur/ Mint

State Bank of India on Tuesday said that its life insurance joint venture—SBI Life Insurance Co. Ltd—has fixed a price band of Rs685-700 per share for its initial public offering (IPO). The SBI Life Insurance IPO will be launched on 20 September, according to SBI’s filing with the stock exchanges on Tuesday.

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