India's First Billion Dollar IPO To Be Launched By SBI Life
SBI Life Insurance Co, a subsidiary of the country's largest lender SBI, will launch India’s 1st billion-dollar initial public offering since 2010 on September 20 and expected to raise as much as $1.3 billion. IPO sale by SBI Life to the public will open on September 20 and close on September 22.With this IPO, SBI Life will become the 2nd in the list after ICICI Prudential Life Insurance which goes public last year.