SBI Life Insurance files DRHP for IPO

  • IANS

    IANS | Mumbai

    July 18, 2017 | 09:33 AM
SBI Life Insurance, SBI, IPO

(Photo: Getty Images)

State Bank of India on 17 July 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.