Motilal Oswal
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Motilal Oswal
Dec 07, 2018 01:21 PM IST | Finance

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

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.
Published Date: Dec 7th, 2018 12:33 PM | Updated Date: Dec 07, 2018 01:21 PM IST
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