(Reuters) -India’s Canara HSBC Life Insurance Company has set a price band of 100 rupees-106 rupees per share for its upcoming listing, aiming for a valuation of about 100.7 billion rupees ($1.14 billion) at the upper end, as per Reuters calculations.
Canara HSBC Life Insurance Company, a joint venture between Canara Bank and HSBC Group’s HSBC Insurance (Asia Pacific) Holdings, will launch its 25.18-billion-rupee initial public offering for retail investors on October 10. Anchor investors can submit their bids a day earlier, on October 9.
($1 = 88.7160 Indian rupees)
(Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)
