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.

Continue reading this story with a subscription to DealStreetAsia.