IndiaFirst Life Insurance IPO gets SEBI nod; Bank of Baroda, Union Bank, Carmel Point to shed stake in OFS

Life insurance major IndiaFirst Life Insurance Company received final approval from Securities and Exchange Board of India (Sebi) to float an initial public offering to raise funds. The issue will comprise a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale (OFS) up to 14.1 crore equity shares from promoters and stakeholders. […]

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