Bank of Baroda-supported IndiaFirst Life Insurance gets Sebi nod to launch IPO

The IPO includes a fresh issue of up to Rs 500 crore along with an offer for sale (OFS) of up to 14,12,99,422 equity shares by the existing shareholders and the promoters of the company

Bank of Baroda-supported IndiaFirst Life Insurance gets Sebi
The net proceeds from the fresh issuance worth Rs 500 crore will be used towards augmentation of its capital base to support solvency levels. Photo: Pixabay

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