Senior management of India’s SBI Life Insurance is meeting investment banks this week to select joint bookrunning lead managers for a proposed flotation in the second half of this year, according to sources familiar with the situation.
The beauty parade is taking place two weeks after the life insurer sent out request for proposals to potential deal managers, according to the sources.
At the same time, the insurer is seeking approvals from both the Insurance Regulatory and Development Authority IRDA and the Securities and Exchange Board of India.
SBI Life Insurance was founded in 2001 under a bancassurance partnership between State Bank...
¬ Haymarket Media Limited. All rights reserved.
