PNB to divest 23% stake in Canara HSBC OBC Life Insurance; buyer HSBC’s share to become 49%
Punjab National Bank (PNB) will be divesting its 23 per cent holding in its life insurance arm Canara HSBC OBC Life Insurance. The company will be selling its stake to HSBC Insurance
After this, the share of HSBC Insurance in Canara HSBC OBC Life Insurance will go up to 49 per cent