SBI Life, ICICI Lombard hit lofty IPO valuations

Insurance duo raise over $2 billion, boosting confidence for the long queue of public and private insurers slated to hit the market in India in the next couple of months.
September 26, 2017

SBI Life Insurance completed India’s biggest initial public offering this year on a high note on Tuesday, pricing the Rp83.9 billion ($1.3 billion) deal at the top of guidance and securing a valuation premium over its listed peer.

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