India: SBI Life's $1b IPO plan gets insurance regulator's approval

India: SBI Life's $1b IPO plan gets insurance regulator's approval

Photo: Pradeep Gaur/ Mint

The insurance regulator has approved SBI Life Insurance Co. Ltd’s application for an initial public offering (IPO) seeking to raise as much as Rs7,000 crore, the largest such share sale by a life insurer in India.

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