 "IPO, foreign banks, foreign investment banks, investment banks, banks, IPOs")
Country's largest private sector life insurer SBI Life Insurance Company has allotted 31.8 million shares worth Rs 2,226 crore to 69 anchor investors. The allotment was made at Rs 700 apiece, the top-end of the IPO prove band.
SBI Life's Rs 8,400-crore IPO opens on Wednesday and will close on Friday.
Some of the anchor investors are Blackrock, Canada Pension, Govt of Singapore, Aranda, Abu Dhabi Investment Authority, HSBC, Wells Fargo, Kuwait Investment Authority and Rochdale.
The price band for the IPO is Rs 685 to Rs 700 per share.
“At Rs 700, the issue
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