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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.
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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