Canara HSBC Life Insurance is set to raise ₹2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company’s discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant growth.
Sebi to revamp short-selling, securities lending rules
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial