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    <title>Canara HSBC Life collects Rs 750 cr from anchor investors ahead of IPO</title>
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    <description>Canara HSBC Life allotted about 7.08 crore shares at Rs 106 to anchor investors raising Rs 750.32 crore as part of a maiden public offering structured as a complete Offer For Sale, meaning all 23.75 crore offered shares will be sold by existing shareholders and the company will not receive proceeds; the issue carries a Rs 100-106 price band and allocates 50% to Qualified Institutional Buyers, 35% to retail and 15% to non institutional investors with a minimum bid of 140 shares.</description>
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