fintech / news / / CNBC TV18
HSBC plans to raise its stake in Canara HSBC Life Insurance via new shares or buying from existing investors, will approach Canara Bank, move reflects interest in India's insurance market.
HSBC plans to increase its stake in Canara HSBC Life Insurance beyond its current 25.5%.
KEY POINTS
- HSBC is considering both buying shares from existing investors and new share issuance to raise its stake.
- HSBC will soon approach Canara Bank, the largest shareholder, to discuss increasing its holding.
- The stake increase plan was discussed in a meeting with India's Ministry of Finance officials.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →