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PE firms line up for Oriental Bank of Commerce's stake in insurance JV

Updated : December 07, 2018 01:21 PM IST

OBC plans to raise about Rs 1,500 crore via a 23 percent stake sale in Canara HSBC Oriental Life, which will value the insurance JV at about Rs 6,500 crore.
The bank holds 23 percent in the company, while Canara Bank holds 51 percent and HSBC holds 26 percent stake.

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