SBI Life Insurance files DRHP for IPO

Mumbai July 18 (IANS) 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.

--IANS
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