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Home›Insurance›Industry & Deals›India plans sale of stake in top life insurer to raise…

India plans sale of stake in top life insurer to raise up to $3.3 billion

The government expects to price the sale at a 10% discount to support proceeds of as much as $3.3 billion, according to CNBC.

Reported · Written up by our desk · Industry & Deals

India plans to raise up to $3.3 billion by selling part of its stake in the country’s largest life insurance company, CNBC Markets reports.

The sale is structured with the stake being offered at a 10% discount, the outlet says, as the government looks to generate proceeds from the transaction.

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Sources

CNBC MarketsIndia to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount
CNBC WorldIndia to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount

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