Canara HSBC Life Insurance plans Rs 16,500 crore IPO amidst valuation challenges

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HSBC Insurance (Asia-Pacific) Holdings will offer up to 4.75 million shares, and Punjab National Bank will sell 95 million shares, according to the draft red herring prospectus filed with the Securities and Exchange Board of India.

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Mcap of nine of top-10 most valued firms surges by Rs 2.34 lakh crore; Reliance biggest gainer

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