PNB MetLife plans IPO of up to Rs 2000-cr 23/04/2018

PNB MetLife plans IPO of up to Rs 2000-cr
23/04/2018
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Indian life insurer PNB MetLife aims to embark on an IPO of Rs 2000 crore later this year, according to people with knowledge of the plan, reported Reuters. Bank of America Merrill Lynch and Kotak are leads on the float. Punjab National Bank owns 74 per cent of the life insurer, while MetLife International Holdings holds 26 per cent.

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