SBI Life Insurance files DRHP for IPO

Last Updated: Tue, Jul 18, 2017 09:59 hrs
A man takes photo of his colleague with a mobile phone in front of a screen displaying SBI logo before the start of a news conference in Kolkata

Mumbai: State Bank of India on Monday said that its subsidiary SBI Life Insurance Company has filed a draft red herring prospectus with Sebi for an initial public offering.

According to a regulatory filing made to the BSE, the state-run bank said that the IPO will offer up to 12 crore equity shares of face value of Rs 10 each.

More from Sify: