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Acko General Insurance Ltd has hired investment banks for an initial public offering in India.
Acko General Insurance has hired ICICI Securities, Kotak Mahindra Capital, and Morgan Stanley for its IPO.
KEY POINTS
- Acko aims for a $2–2.5 billion valuation and plans to list in early 2027.
- The IPO will comprise both new share issuance and a sale of shares by existing investors.
- Acko will use SEBI's confidential pre-filing route for its draft prospectus before year-end 2024.
COMPANIES
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