Canara Bank has announced the divestment of its stake in Canara HSBC Life Insurance Company Limited through an Initial Public Offer (IPO). The stake has been reduced from 51% to 36.50%. Canara HSBC Life Insurance Company Limited was listed today, October 17, 2025, on the National Stock Exchange of India and BSE Limited.
Stake Divestment in Insurance Arm
Canara Bank has divested part of its stake in its subsidiary, Canara HSBC Life Insurance Company Limited, via an Initial Public Offer (IPO). This announcement confirms the bank’s strategic move to unlock value from its investments.
Details of the Divestment
The divestment reduces Canara Bank’s holding in Canara HSBC Life Insurance Company Limited from 51% to 36.50%. The IPO has resulted in the listing of the insurance company on both the National Stock Exchange of India (NSE) and BSE Limited, effective October 17, 2025.
Listing on Stock Exchanges
Canara HSBC Life Insurance Company Limited is now officially listed on the National Stock Exchange and BSE Limited as of October 17, 2025. The move is expected to enhance the insurance company’s visibility and facilitate further growth.
Source: BSE
